Student Financial Accounting FAQs

  1. What is the process for moving money between campuses?
  2. Who can help me with a money transfer?
  3. What is a confirmation deposit?
  4. Who has to pay a confirmation deposit?
  5. How is the confirmation deposit paid?
  6. When is the confirmation deposit released?
  7. Are all confirmation deposits subject to refund?
  8. Who can help me with confirmation deposit issues?

1. What is the process for moving money between campuses?

The money transfer process begins on the campus where the transfer originates. Each campus makes the entry for its part of the transaction (Money Out = Money In).

Because of the close relationship and frequency of transactions between Boulder Campus and Boulder Continuing Education designated employees enter the complete transaction for money movements between their campuses. Money transfers occur because:

  • Students are taking classes on multiple campuses
  • Financial aid is applied on one campus to be distributed to other campuses
  • A payment has been incorrectly posted

2. Who can help me with a money transfer?

For money transfers affecting the Boulder Campus please e-mail SF.accounting@colorado.edu to request/coordinate the transfer.

3. What is a confirmation deposit?

The university charges enrolling students a $200 confirmation deposit to protect itself from the loss of unpaid charges.

4. Who has to pay a confirmation deposit?

Boulder Campus students are required to pay confirmation deposits. Faculty and staff who are enrolled in classes and foreign exchange students are not required to pay deposits.

When is the deposit charged? Usually confirmation deposits must be paid prior to enrollment, but it isn’t always possible to implement this requirement. For example, enrolling international students often do not have U.S. bank accounts so they cannot pay confirmation deposits with required U.S. dollars prior to registering. Their deposits are temporarily deferred.

5. How is the confirmation deposit paid?

The student confirms his/her intent to enroll by paying a $200 deposit to the Office of Admissions or by paying a deposit electronically via their student account.

6. When is a confirmation deposit released?

Releases are triggered when students end their relationship with the university by withdrawing, being in the Time Out Program, or graduating.

  • Withdrawals:
    When continuing students formally withdraw, depending on the individual circumstance, the confirmation deposit will be released at the next census date or released manually by the Bursar’s Office.  The deposit is applied against outstanding charges and any remaining credit is refunded during monthly cycle processing.
  • Time Off Program (TOP):
    Generally speaking, deposits are released after census for students going on the TOP.
  • Graduations:
    Approximately eight weeks after commencement deposits are released and applied to outstanding charges. Any remaining credits are refunded.

7. Are all confirmation deposits subject to refund?

No. New, readmit, and transfer students who never attend or who withdraw during the A rebate period of their first term forfeit their deposits. If they withdraw during the B rebate period or later, the deposits are applied to outstanding charges.

8. Who can help me with confirmation deposit issues?

The primary contact for confirmation deposit processing is SF.accounting@colorado.edu.

Confirmation Deposit Key Contacts
Bursar’s Office Steve Turley 492-3562
Registrar’s Office Donna Phillips 492-8673
Admission’s Office Linda Fowler 492-0737