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Financial Aid Direct Deposit

Set up direct deposit for Financial Aid funds.

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.

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 

How to Set Up Your Refunds for Direct Deposit

  1. Log into myCNM.
  2. Select Cashier from the left side menu.
  3. In the 'Make a Payment' section select the 'Pay Here' link. 

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  4. In the new window that populates, read the information and click on the 'Student Account Center' button.

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  5. In the Student Account Center, select Refunds from the top menu.

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  6. Click the 'Set Up Account' button.

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  7. If you want to use an existing payment method that was previously set up, you can select the account by clicking the radio button to the left of the account you are selecting. Then click 'Continue' (Please note: Credit cards cannot be used for eRefunds).

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  8. If you have never set up your account in the Student Account Center you will need to fill in Account Information and click 'Continue'.

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  9. An authorization screen will display. You must click the 'I agree' box. Then scroll down and click 'Continue'. 

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  10. The screen will display a confirmation that reads “Your new ACH refund account has been saved”. At any time you can Edit or Remove this account using the Action links.
  11. Once the initial Refund is set up or if you edit or remove an account, you will receive an email notification that a change has occurred.

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Please note: that any changes made to your account must be made 7 days before eRefunds are scheduled to disburse. If you have any questions or concerns, please contact the Cashiers Department at (505) 224-3471.