When possible, the student annuity payments are deposited directly into the annuitant's checking or savings account at a financial institution. Therefore, bring one of the student's checks with you when you file for benefits. This will allow the field office representative to enter the information in our payment system and tell the student when the direct deposit will take effect.
After a student application is processed, the first student payment will include all back payments that are due. This payment may be received at any time during the month. Payments issued after the first payment will be paid on the first business day of each month. The payment made at the beginning of the month actually represents the annuity due for the previous month.