eRefund can make money more quickly

Need quick money? If you have a refund coming from the Student Financial Services Center, you can receive your cash faster by enrolling in Sacramento State’s eRefund program.

With eRefund, students can receive refunds, including financial aid, fee overpayments and housing refunds, directly into their savings or checking account and can receive funds 2-3 days faster than people that have checks mailed to them or file a request to pick up refunds, says Gina Curry, Sacramento State bursar.
 
“The process for producing a paper check, which includes printing, verifying, folding and sealing, is very time consuming,” says Curry. “On large financial aid disbursement days, it sometimes took up to two days to process paper checks. By having funds directly deposited to student’s accounts, processing time has been cut to as little as four hours.” 

To date almost 10,000 students have signed up for the program, and almost $60 million has been refunded through eRefund.

Curry says eRefund saves the University thousands of dollars in postage and check stock costs yearly. The program is only available to students but Curry says she hopes the program can be expanded to include faculty and staff for travel advance and travel reimbursement checks.

For more on eRefund, visit www.csus.edu/sfsc/refund.htm.