HIGHER ONE DISPLAYS STRONG SUPPORT FOR NACUBO’S CAMPUS OF THE FUTURE CONFERENCE

Conference Provides Opportunity for Higher One to Raise Awareness of Their Dedication to the Higher Education Industry

 New Haven, CT, June 2006 – Higher One, a leading provider of customized financial services dedicated exclusively to the higher education market, announced today its sponsorship and participation in the National Association of College and University Business Officers (NACUBO) Campus of the Future Conference. The NACUBO Conference, scheduled to take place July 8-11 2006, in Honolulu, Hawaii will provide participants the opportunity to explore a vision of the trends, challenges, and advancements anticipated for the Campus of the Future. Higher One is a proud sponsor of this year’s conference and will also be presenting in a Corporate Showcase.

“We are proud to show our support for NACUBO and are excited to have a strong presence at this year’s conference,” stated Sean Glass, Founder and Chief Marketing Officer, Higher One. “Every year this conference is an important event in higher education and we are glad to be a part of it as well as to participate in the conversation about some of the important trends in higher education”

In a Corporate Showcase entitled “Keeping Student Data Safe – Process and Culture,” Sean Glass, Executive Director, Higher One and Earl Holley, Vice President Business & Finance from Kennesaw State University (KSU) will address the pressing and strategic issue of data security.  Many colleges and universities are taking on a larger than necessary amount of risk by being involved in the collection and storage of students’ financial data. KSU chose the Higher One program in 2002 to avoid any potential security issues. In 2004, KSU received Best Practices Aware from the Georgia Board of Regents for the implementation of Higher One’s program. Glass and Holley will be providing education on this issue and discussing how using a vendor to manage student refund payments can help you reduce risk for your institution.

“We’ve had great success with Higher One.  Our student payments get to our students faster, students have more choice, exceptions are handled without cost to our institution, and best of all, we are able to offer electronic payment options to students without storing student bank account information in campus systems.” Said Mr. Holley.

In addition to the Corporate Showcase, Higher One is also a proud member of the NACUBO Corporate Circle as well as a Gold Sponsor for this year’s Campus of the Future Conference. The conference also provides strong supporters of higher education the opportunity to sponsor the many events available for attendees during the conference.  Higher One is a sponsor of tee #1 for the conference golf outing, which is set to take place at Hawaii’s Prince Golf Club.  Higher One will also be sponsoring the shuttle buses, a service that is provided to guests throughout the duration of the conference.

 Higher One’s support and commitment for NACUBO’s Campus of the Future Conference is part of an overall initiative to share best practices and solutions among the higher education community as well as raise awareness of their customized financial services.

Higher One continues to experience increasing interest from colleges and universities nationwide as institutions look to improve their student services and decrease administrative costs. As more institutions learn that a solution such as Higher One's OneDisburse exists they are quickly embracing this solution to better serve their students.  Some institutions have also expressed that there interest stemmed from the fact that utilizing a refund management program with an outside vendor helps the institution avoid IT and data security risks.

50 colleges and universities across the country have signed with Higher One to use the company’s Refund Management Services.  Since September 2002, Higher One has helped its clients disburse more than a billion dollars through over half a million individual payments.

 # # #

About Higher One

Focused exclusively on higher education, Higher One provides refund management services to higher education institutions and banking services to members of their community through a card-based solution. Higher One's integrated solution helps universities reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's refund service, OneDisburse^SM, provides students with more choices and better service for receiving financial refunds. Higher One also offers a suite of banking services called OneFinance^SM, which includes the OneAccount, a no minimum balance, no monthly fee checking account, the OneCard, a Debit MasterCard® card for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy Refund^SM, and Campus AutoLoad for stored value programs.  The OneFinance and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed more than a billion dollars in refunds for its college and university clients. More than 375,000 students, faculty, and staff at distinguished public and private institutions use Higher One's services through their ID or refund card.

For more information visit www.higherone.com. Banking services are provided through an agreement with Frost Bank, member FDIC.

# # #

About Higher One

Focused exclusively on higher education, Higher One provides refund management services to higher education institutions and banking services to members of their community through a card-based solution. Higher One's integrated solution helps universities reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's refund service, OneDisburse^SM, provides students with more choices and better service for receiving financial refunds. Higher One also offers a suite of banking services called OneFinance^SM, which includes the OneAccount, a no minimum balance, no monthly fee checking account, the OneCard, a Debit MasterCard® card for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy Refund^SM, and Campus AutoLoad for stored value programs.  The OneFinance and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed more than a billion dollars in refunds for its college and university clients. More than 375,000 students, faculty, and staff at distinguished public and private institutions use Higher One's services through their ID or refund card.

For more information visit www.higherone.com. Banking services are provided through an agreement with Frost Bank, member FDIC.