Financial Aid Direct Deposit

Set up direct deposit for Financial Aid funds.

Deposit your Financial Aid funds directly into your bank account

Students will be able to receive their financial aid funds either:

  • by direct deposit into their bank accounts or;
  • by mail.

Students will receive their financial aid funds through a new direct deposit system.

All students who want to receive their financial aid funds through direct deposit must enter their bank account information in myCNM, even students who are currently signed up for direct deposit. You can enter your account information now for the new system.

Students who choose to have their financial aid funds mailed to them need to make sure their address on file with CNM is correct. Check your address in myCNM.

To enter your bank account information for direct deposit, log on to myCNM and click on the “Cashier” tab at the top of the page. Then click on the “Pay Here/View Account Details” link in the top right corner of the page. Read important information on the page and then click on the “Student Account Center” button. Then click on the “eRefunds” link in the menu bar across the top of the page and set up your account.

Step by step instructions to set up direct deposit.