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Nearly half of college students and their families still choose paper checks for refunds and other payments, which costs more and takes longer for institutions to process as opposed to electronic methods.
At the same time, the number of check disbursements continues to rise as additional students request refunds and work to manage their finances as a result of COVID-19, only further complicating the issue.
Read this blog post to learn 6 ways schools can encourage these students and families to opt for electronic transactions, which can significantly reduce costs and improve efficiency and service.
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