Abstract: A financial funding system facilitates internet funding by a parent of a plurality of financial accounts that are set up for a student at a university. Preferably, the accounts correspond to expense items at the university such as tuition, bookstore, meals, and the like. A client presentation layer communicates with the parent and student, a security layer authenticates users, a business logic layer manages the accounts, a data layer stores information about the parent, student, the accounts and records transfers. An internet payment engine transfers funds. Methods include receiving communications from the parent or student, authenticating registered users, providing access to the plurality of accounts by the parent to fund same and by the student to pay corresponding expense items of the university, transferring funds such as with an internet payment engine, maintaining and updating the accounts, issuing email notification of the transfer of funds, and funding of multiple students at multiple universities.