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University Bursar - Can I make an advance or over payment?

Yes, but they cannot be made online.

Advance payments can only be made using check, money order or cashiers 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:

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

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.

Notes: 
  • 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 semester(s).
  • Advance payments could impact the IRS Form 1098-T.
  • If the student graduates or leaves the University before the credit balance is exhausted, the credit balance will be refunded via direct deposit to the student's designated bank account or mailed by check to the student.

See Also:




Keywords:direct deposit, refund, paymybill, University Bursar, check, bank account, financial aid, credit   Doc ID:107182
Owner:Kathy K.Group:University of Illinois System
Created:2020-11-16 10:33 CSTUpdated:2020-11-16 13:21 CST
Sites:University of Illinois System
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