New to billing and payments? Start with the basics.
Register to Receive Stipend Awards
To receive a stipend award payment via direct deposit or check, students must be registered for classes in the term for which the aid has been awarded.
|During Fall and Spring Terms||During Summer Term|
• Students must be registered in the term for which the aid has been awarded.
• Students must submit all required documentation to their school's Financial Aid Office for the payment to be processed.
• Registration may not be required for the summer term if the student is enrolled in a school that does not have a summer term enrollment requirement.
Stipend payments are awarded directly to the students, not used to offset student account balances. There are multiple ways to receive a stipend payment:
University’s preferred method, direct deposit:
o Direct deposit to a U.S. checking or savings account is the University's preferred method for issuing stipends to all students. This saves the time of picking up and processing a paper check, and makes the funds available much sooner. Learn how to enroll (https://sfs.columbia.edu/direct-deposit).
o In order for a stipend payment to be disbursed via direct deposit in a particular term, students must already be registered for that term when payment is initially processed.
Without U.S. Bank Account
During this time, when P&D offices are physically closed, domestic student stipends without direct deposit information will be mailed to the recipient’s local address in SSOL. International student stipends without direct deposit information will be mailed to the recipient’s home address in PAC.
Update home address in PAC:
Stipends for international students are processed through the University Payroll System. Please follow the following steps to update your home address in PAC:
1) Log in to My.Columbia.edu
2) Select View or Update your Personal Information on the Faculty and Staff page, and
3) Update your Home Address by clicking on it
Students will receive an email notification from Student Financial Services when a stipend payment is in process for you.
If you have direct deposit set up to receive stipends, the funds are normally in your bank account within three to five business days, following the date of receiving the email notification.
Domestic student stipend checks are normally available in mail in twelve business days, following the date of the email notification.
International students may experience a 10-15 business day timeline because their payments must be processed through University Payroll.
Information about tax reporting may be found here (https://sfs.columbia.edu/tax-info).
Contact Payments and Deposits Office
Policy and Procedure for Student Payments
Stipends are one of several types of payments to students. To help schools and departments identify payment types and process transactions appropriately, administrators must ensure they are familiar with the policy and procedures related to payments to students.
To cancel a summer stipend, use the Summer Stipend Cancellation Form.
For additional information about completing the form, watch the Summer Stipend Video Tutorial.
Receiving Stipends After Previous Stipend Cancellation
International students whose stipend get cancelled after receiving the funds (direct deposit in bank account or check cashed) need to pay back the net (after tax) amount received to the University Payroll Office following the overpayment recovery instruction sent out by the Payroll Office. No additional stipend can be issued until the overpayment recovery process for the previous stipend cancellation is completed.