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KCTCS Offers Students Direct Deposit Option for Financial Aid and Tuition Refunds

VERSAILLES, Ky. (July 24, 2009) The Kentucky Community and Technical College System (KCTCS) will offer students the option of receiving their financial aid and tuition refunds by direct deposit. The KCTCS Easy Refund Program will begin in September. Direct deposit will allow students to receive their refunds five to seven days faster, versus receiving refunds by paper check.

The KCTCS Easy Refund Program is in partnership with Higher One, a financial services and payment company focused exclusively on higher education, to distribute financial aid and tuition refunds to students. Higher One will offer a OneAccount checking account to each student. The OneAccount is optional and requires no minimum balance, no monthly fee and is FDIC insured. Students will also have the option of receiving refunds to a bank account of their choice or receiving a paper check.

KCTCS is making the financial aid refund process as quick and easy as possible for students. Their focus should be their education, not worrying about their refunds, said Ken Walker, KCTCS vice president.

For Bluegrass Community and Technical College (BCTC) students, Higher One ATMs will be located at Leestown and Cooper campuses.