If you send in a voided check and UM's form, you can have the funds direct deposited. Otherwise, i guess they print out a check for you to deposit. I have Washington Mutual for my bank, since they have branches all over the country, so you may want to set up an account with them or B of A (although they suck because they have fees for everything). My only concern is that we get our money the first day of classes so that means that we have to save enough to buy our books for those classes before we get our money. And does anyone know when we have to pay for the parking permit? It's $400 so I'd like to wait until after I receive my loan funds, but I read that there are a limited amount of passes avail, so I don't want to wait too long and not get one. And, I think I read that the 1st 2 weeks of school we can park for free and then we have to have the permit. Is this true?