Higher One® Offers Flexibility for Student Refunds at Harrison College in Indianapolis

Students and staff say they need a more streamlined process for refund distribution

New Haven, CT – August 27, 2010 - Higher One, Inc.—the technology and financial services company focused on higher education, announced today that Harrison College will employ their services to distribute refunds to their students. Marty Mehringer, Director of Student Financial Services, stated that “Higher One was chosen because it allows students the most flexibility in how they would like to receive their funds back.”

Currently, Harrison students receive their refunds by check. Mehringer found this method to be a “manual and burdensome process which takes more time to get students funding than the College would like.”

Higher One’s OneDisburse® Refund Management® will provide both administrators and students with a more efficient system to process students’ refunds. A file including student names and the total amount of each refund will be sent from Harrison to Higher One. Students have multiple electronic ways to receive their refunds including direct deposit to the OneAccount, a no minimum balance, no monthly fee, FDIC-Insured checking account provided by Higher One or an ACH to another bank account of the student’s choice.

In addition to students receiving refunds faster, Harrison was attracted to the high touch service that Higher One provides to students. Mobile Alerts, email notifications and Online Bill Pay are just a few additional features of the OneAccount. Parents also have the ability to deposit money onto the card.

With high hopes for this new system for processing refunds, Mehringer says “Our expectations of the program are that it will create a seamless, smooth, quick way to get our students their funds. This will be an automated process and it will help cut down on the administrative burden on the Harrison College staff.”

About Higher One:

Founded in 2000, Higher One, Inc., a subsidiary of Higher One Holdings, Inc. (NYSE:ONE), is the leading company focused on helping college business offices manage operations and provide enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases, and learn the basics of financial management.

Higher One provides its services to distinguished public and private higher education institutions throughout the country to approximately 4.8 million students. More information about Higher One can be found at HigherOne.com

About Harrison College:

Harrison College is an ACICS accredited institution dedicated to excellence in higher learning. In addition, the College is in the process of achieving initial accreditation with the Higher Learning Commission of the North Central Association (HLC-NCA). With a concentration on career-focused education, the college grants Associate and Bachelor Degrees. Students may earn a degree by attending one of 14 campuses throughout Indiana and Ohio, by taking classes 100% online, or a combination of classroom and online learning. Students may choose degrees from the Schools of Business, Criminal Justice, Health Sciences, Information Technology, and Veterinary Technology as well as the college’s culinary division, The Chef’s Academy. Harrison College was founded in 1902.

 

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