University Bursar - Can I make an advance or overpayment?

Advance payments can only be made using check, money order or cashier's check. To hold an overpayment on the student account longer than the first day of the next semester, University Bursar requires that written notification, designating the student’s name, University Identification Number (UIN), and semester(s) for which the payment is intended, be submitted with the overpayment to the student’s designated bank account. 

University of Illinois policy on student account overpayments is as follows:

• Overpayments less than $5,000: Unless otherwise requested, University Bursar posts the full payment to the designated student’s account and holds the credit balance on the student account for 10-15 days then refunds the credit balance via direct deposit to the student’s designated bank account.

• Overpayments of $5,000 or more: Unless otherwise requested, University Bursar posts the full payment to the designated student’s account and holds the credit balance on the student account until the first day of the next semester.

• To hold an over payment on the student account longer than the first day of the next semester, University Bursar requires that written notification, designating the student’s name, University Identification Number (UIN), and semesters for which the payment is intended, be mailed with the overpayment to:

University Bursar
Attn: Accounts Receivable Operations
162 Henry Administration Building, MC-367
506 South Wright Street
Urbana, IL 61801

Please Note: If the student receives Federal Financial Aid after University Bursar has posted the overpayment to the student’s account, University Bursar cannot guarantee the overpayment will be held. The overpayment may be refunded along with any Financial Aid refund the student receives, even if University Bursar has received written notification to hold the overpayment for future semesters.

See Also:

• University Bursar - How do I access my student account?
• University Bursar - How do I access my student's account as an Authorized Payer if I forgot my username or password?
• University Bursar - When will I get my refund?
• University Bursar - How do I receive my student account refund?
• University Bursar - What happens if my refund is sent to an old or wrong bank account?
• University Bursar - How do I enroll in direct deposit?
• University Bursar - Where is my refund?