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 choose from the following options:
1. ACH transfer to a bank account of their choice (FAST)
(received approximately within two days of being released by KCTCS)
2. Easy Refund to the OneAccount (FASTEST)
An FDIC insured checking account offered by Higher One
(received the same day as being released by KCTCS)
3. Paper check mailed to their address on file
(received within five to seven days of being released by KCTCS)
“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.
Higher One ATMs will be located at several KCTCS colleges, allowing students the convenience of accessing their accounts at any time.
For more information visit www.kctcsdebitcard.com