Jump to content

Withdrawing money from student account


virtua

Recommended Posts

Hi guys,

I`m planning to take a student loan, the problem is I don`t have valid US bank card, so they wont be able to deposit it through direct deposit, but they can deposit it to my student account. So I wonder, if I have some money on my student account, will I be able to withdraw it somehow? I mean, get in cash

Link to comment
Share on other sites

8 hours ago, virtua said:

Hi guys,

I`m planning to take a student loan, the problem is I don`t have valid US bank card, so they wont be able to deposit it through direct deposit, but they can deposit it to my student account. So I wonder, if I have some money on my student account, will I be able to withdraw it somehow? I mean, get in cash

In my experience, you will only be able to receive that money via cash/check if the money that is deposited into your account is greater than the outstanding balance - if you owe the university $30,000 for tuition and you take out a loan for $40,000, you will get $10,000 in a check.

Link to comment
Share on other sites

Is your student account attached to a prepaid debit card?  Most Universities make this an option for students who don't have bank accounts.  They load your refund on the card and then you can swipe it at stores or take it to designated atm's to withdraw cash.  Check with your financial aid office about this.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

This website uses cookies to ensure you get the best experience on our website. See our Privacy Policy and Terms of Use