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Sean,

A school may pay credit balances throuhg an electronic funds transfer (EFT) to a bank account designated by the student or parent so this is an option that would available to your school. However, if a student selects to not participate in this process the school will have to issue the credit balance through the manual process of a check. There is some very good guidance on the required standards of EFT in the 2012/13 FSA handbook pages 4 - 17 through 4 - 19. This information would allow you to explore your options (if your school was interested).

Sincerely,

Chyrl Ayers

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