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I hereby authorize:
- The University of Memphis to deposit my refund via electronic funds transfer.
- My financial institution to credit this amount to my account.
- The University of Memphis to deduct from my excess student financial aid award proceeds (amounts in excess of my assessed enrollment and housing fees for the current semester) any other amounts I currently owe The University of Memphis.
In the event that the exercise of this authorization for any reason results in an overpayment of financial aid actually due and payable to me, I hereby authorize the University to either: (a) withhold a sum equal to the overpayment from my next disbursement of financial aid, or (b), debit my above-identified checking or savings account for an amount not to exceed said overpayment. I understand that I may be subject to financial aid billing which I must repay to The University of Memphis if I withdraw or do not enroll in a subsequent term and have received financial aid via EFT which is in excess of my financial aid eligibility, or if an over award occurs. If any action taken by me, without adequate notification to the Bursar's Office, results in non-acceptance of the transfer by my financial institution, I understand that the University assumes no responsibility for processing supplemental financial aid until funds are returned to the University by my financial institution.
Signature _________________________________ Date
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