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Systems and methods to facilitate a transfer of a refund amount from an educational institution to a student

DC
  • US 7,496,536 B2
  • Filed: 03/12/2004
  • Issued: 02/24/2009
  • Est. Priority Date: 01/17/2002
  • Status: Active Grant
First Claim
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1. A computer-readable medium having computer-executable instructions for facilitating a transfer of a refund amount from an educational institution to a student, said instructions comprising:

  • receiving from an educational institution an indication of a refund amount associated with a student of the educational institution;

    determining a method of refund delivery associated with the student; and

    automatically arranging for funds equal to the refund amount to be transferred from an account to the student in accordance with the determined method of delivery and without goods or services being exchanged prior to arranging for the refund amount to be delivered.

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