Outside scholarships, delivered by ACH
500+
universities across the U.S. are already set up to receive ACH scholarship payments through Backpack
1–3
business days from payment initiation to funds arriving in your account
$0
cost to activate ACH delivery and receive student payment details
Easy as 1 - 2 - 3
When a payment is initiated, we immediately email your designated contacts the student payment details. The ACH deposit typically follows within 1–3 business days.
1
Email received
We email your designated contacts all students included in the payment and provide a downloadable CSV.
THE ROSTER CONTAINS
✓ Student name + ID
✓ Award Criteria
✓ Amount
✓ Term
2
YOUR BANK
Payment arrives
The ACH payment typically arrives in your designated bank account within 1–3 business days.
THE ACH DESCRIPTION CARRIES
✓ Student ID
✓ Payment ID
3
BURSAR'S OFFICE
Student posting
Use the student payment details email to post each scholarship to the correct student account.
ALREADY MATCHED FOR YOU
✓ Student ID
✓ Amount
✓ Term
Receive scholarship payments in one place.
Activate ACH at no cost to receive payments from Backpack’s scholarship providers. Upgrade to become a Backpack Partner to receive, track, and reconcile scholarship payments from any provider in the United States.
Free
ACH ACTIVATION
Everything included when you activate ACH delivery
✓ ACH payments sent directly to your designated account
✓ Electronic payments from Backpack’s premium
scholarship providers
✓ Remittance files delivered with every payment
✓ Batch payments for easier processing
Backpack Partner
FULL PLATFORM
Every inbound scholarship and 529 payment, standardized and reconciled in one place.
✓ Ability to receive electronic scholarship payments from
any provider in the United States
✓ University-branded scholarship portal
✓ Integrations to support automated student posting
✓ Streamlined, one-click refunds