THE UNIVERSITY OF TEXAS AT TYLER SIGNS ON TO USE HIGHER ONE’S ONEDISBURSE® REFUND MANAGEMENT TO IMPROVE STUDENT SERVICES

74 Higher Education Institutions Now Using Higher One’s Services Enabling Students to Receive Money Faster And With More Refund Choices

New Haven, CT – June 2007 – Higher One, a technology-driven financial services company serving higher education, announced today that The University of Texas at Tyler has signed an agreement to implement Higher One’s OneDisburse® Refund Management improving the disbursement of refunds to their students. UT Tyler will have the ability to begin processing refunds in August.

“UT Tyler is happy to begin a partnership with Higher One in an effort to provide our students with faster, more convenient and better customer service regarding their refunds,” said Sherry Powell, UT Tyler Director of Student Business Services. “By providing our students with a choice of three different ways to receive their refunds, we feel confident that OneDisburse Refund Management will improve the refund disbursement process.”

Higher One’s OneDisburse Refund Management streamlines the entire disbursement process in which all disbursements and reconciliation are managed electronically and customer service needs are handled directly by Higher One.  As a result, UT Tyler will benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a HigherOne OneAccount, a free FDIC insured checking account linked to a OneCard debit MasterCard, known to the UT Tyler community as the Swoop OneCard.

 “We are pleased to be providing UT Tyler with a program that offers significant cost savings for the institution as well as more choices for students,” said Dean Hatton, President & CEO, Higher One. “The higher education community is quickly embracing solutions such as Higher One’s OneDisburse as colleges and universities nationwide look to improve their student services and decrease administrative costs.”

With this signing, 74 colleges and universities in the U.S. have now signed on to use Higher One’s services. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions.  In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card.

About Higher One

Founded in 2000, Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements including student refunds, on-campus and community purchases, and payroll and employee expenses.  The company also offers a suite of online banking services through OneFinanceSM, which includes the OneAccount, a free checking account and OneCard, a Debit MasterCard® with exclusive features such as "Send Money", Easy RefundSM, and Campus AutoLoad. Higher One is based in New Haven, CT and has over 100 employees. 

About The University of Texas at Tyler

One of the 15 campuses of The University of Texas System, UT Tyler offers excellence in teaching, research, artistic performance and community service. More than 70 undergraduate and graduate degrees are available at UT Tyler, which has an enrollment of nearly 6,000 high-ability students at its campuses in Tyler, Longview and Palestine.