Five Southeast Community College students who enrolled in Union Bank & Trust’s Student Refund Contest have an extra $100 in their bank accounts.
Samantha Brown of Lincoln, Max Clouatre of North Platte, Candace Hellbusch of Hebron, Zachery Hinrichsen of Pawnee City, and Zane Williams-Donahoo of Lincoln were randomly selected after signing up for Fast Refunds, which automatically puts financial aid refunds into their bank accounts as opposed to a paper check.
The contest ran through Oct. 18.
Union Bank & Trust has had a lengthy relationship with SCC and has partnered with the College to help financial aid refunds end up in students’ checking accounts faster than a paper check would. The promotion began in the spring and ended with the October quarterly refunds. The bank said the volume of direct deposits is averaging just over 50 percent, but the dollar volume has been as high as 72 percent.
The program’s goal is to have 80 percent of SCC students receiving a financial aid refund set up with direct deposit.
Students can elect to have their refunds deposited electronically to their existing bank account at any institution. If needed, students can apply for a bank account with Union Bank & Trust.