DOE T2 Compliance
This public information is provided to provide full disclosure of financial arrangements between the University of Florida and Wells Fargo in compliance with Department of Education regulation 668.164(e). The financial agreement is considered a “T2” relationship as defined by the DOE.
The Department of Education’s (ED) Cash Management regulations 34 CFR 668.164(d)(4)(i)(B)(2) (issued October 2015), require institutions participating in T2 (Campus Card) arrangements to list and identify the major features and commonly assessed fees as well as a URL for the terms and conditions of each financial account offered under the arrangement.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
The University of Florida receives financial support from Wells Fargo for services associated with the Gator 1 Card to help offset costs. Students, faculty and staff are not required to open an account with Wells Fargo to receive or use the Gator 1 Card for other campus services.