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Business and Financial Policies and Procedures

10.2.4 Process Checks Not Made out to the University

Policy Statement

All checks, money orders, or drafts given to any University unit for any and all purposes are made payable to the University of Illinois. Student loan checks do not need to be payable to the University of Illinois.

Procedure

To process checks not made out to the University:

  1. Immediately endorse the check on the back, "Pay to the order of the University of Illinois only."
  2. Have the original payee sign below the University’s endorsement.
If the check is a student loan check, the check is then applied to the student’s account balance.

Last Updated: October 21, 2011 | Approved: Senior Associate Vice President for Business and Finance | Effective: February 2008

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