Electronic Refunds

Students with sufficient financial aid eligibility who elect to borrow funds in excess of their direct costs at Herzing University have the option to receive those funds by paper check or through an electronic disbursement. Herzing University contracts with a third-party vendor, Blackboard Pay, to provide electronic disbursement methods to students. The options available through Blackboard Pay include direct deposit to a student’s existing checking or savings account, or deposit to a MoneyNetwork prepaid card.

Blackboard Pay

2016-2017 award year

Number of Active Cards*1,423
Mean of Fees Charged to Cardholders$5
Median of Fees Charged to Cardholders$1

*Active cards are defined as any account that had a deposit transaction within the award period regardless of enrollment status.

Monetary Consideration:

Institution Paid Blackboard$602
Blackboard Paid Institution$0

Non-Monetary Consideration:

Institution Paid Blackboard$0
Blackboard Paid Institution$0

View Herzing University’s contract with Blackboard Pay

View the Terms and Conditions for the MoneyNetwork Prepaid Card

If you have any questions about the Blackboard Pay service or Herzing University’s contract with Blackboard Pay, you can email consumerinfo@herzing.edu.