Cash payments

UD announces new process for cash payments on student bills

TEXT SIZE

9:14 a.m., Aug. 12, 2014--The University of Delaware has announced that students or parents attempting to make a cash payment on a UD student bill may encounter an additional step on campus.

The University is required by law to report receipt of more than $10,000 in cash (in one or more payments) over the course of a calendar year to the Internal Revenue Service by filing an IRS Form 8300. 

FYI Stories

Food Bank boost

University of Delaware Parking Services' monthlong food drive program, in which motorists could make donations to pay parking citations, provided over 6,000 nonperishable food items to the Food Bank of Delaware.

Winter holiday

The University of Delaware has announced hours and closings for the winter holiday break.

Under this IRS regulation, money orders, cashier's checks, and traveler's checks are considered cash payments.

Effective immediately, all cash transactions in the amount of $2,500 or more will be evaluated for applicability and payers may be required to complete a Cash Payment Transmittal Form at the time of payment.

Personal and corporate checks are not considered cash payments. 

Students will be notified by the University Cashier’s Office once a Form 8300 has been filed.

For additional information, contact Sondra Wagner at 302-831-2570 or via email at sondra@udel.edu.

icon-fb icon-tw icon-yt icon-fs
ADVERTISEMENT

News Media Contact

University of Delaware
Communications and Public Affairs
302-831-NEWS
publicaffairs@udel.edu

UDaily is produced by
Communications and Public Affairs

The Academy Building
105 East Main Street
University of Delaware
Newark, DE 19716 | USA
Phone: (302) 831-2792
email: publicaffairs@udel.edu
www.udel.edu/cpa
University of Delaware • Newark, DE 19716
publicaffairs@udel.edu • (302) 831-2792 • ©2012
University of Delaware • Newark, DE 19716 • USA • Phone: (302) 831-2792 • © 2013
Comments|Contact Us|Legal Notices