ASU and MidFirst Bank cash management disclosure

View the agreement between ASU and MidFirst Bank and the Department of Education Cash Management Disclosures.

The full agreement is available for review, including the notice of bank fees.

DOE Cash Management Rule Requirement 668.164

• Total consideration: $357,642.44, reporting period of July 1, 2022 – June 30, 2023.
• Total number of customers holding student financial accounts which originated since July 1, 2022, and were open at any time during the year ended June 30, 2023:  27,719. 
• Mean student costs: $8.06 in the year ended June 30, 2023. 
• Median student costs: $0.00 in the year ended June 30, 2023.

Find more information on bank fees.

Department of Education Disclosure of Fees statement.