University Bursar - Can I make an advance or overpayment?

Yes, however, advance or overpayments cannot be made online.

Overpayments 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. Note, some overpayments must be sent back to the original method of payment. 

  • 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.



Keywordsdirect deposit refund paymybill University Bursar check cash bank account financial aid credit pre pay pre-pay pre-paid advance overpayment overpay advanced   Doc ID107182
OwnerKathy K.GroupUniversity of Illinois System
Created2020-11-16 11:33:18Updated2024-07-12 14:40:29
SitesUniversity of Illinois System
Feedback  0   1