smarcum7 wrote:So is there any way to get our refunds without higher one processing them? I would prefer not to be signed up for a card that I did not ask for. I do not wish to do business with them and want my refund to go straight to my checking account.
Also, what is it with Ivy Tech keeping the money so long? IUPUI releases it on the first day of classes.
The only other way without getting Higher One involved is to wait up to an additional 21 days to receive a paper check. If you go to ivytechdebitcard.com you can still have your refund put in your checking without any fees and you dont have to have anything to do with them after they deposit it in your account. You can call the Business office who deals with this. They are in charge of refunds.
This is what I copied from studentaid.ed.gov:
If you're a first-year undergraduate student and a first-time borrower, your first disbursement can't be made until 30 days after the first day of your enrollment period. I know this does not apply to all/alot but I think they may not have the capabilities to weed everyone out by their enrollment and whether they are new borrowers or 2nd year, etc. It may be simpler for Central Office in Indy to do it this way. Most people think it is to gain interest until they are required by federal regs to actually send the money to students but who knows the reason. This is the way it has been.