Frederick Community College to Adopt OneDisburse® Refund Management® Funds Disbursement Service

Administrators and students to benefit from more efficient processing of refunds on campus

[New Haven, CT – July 18, 2011] - Higher One, Inc., a technology and payment services company focused on higher education, announced that Frederick Community College, located in Frederick, Maryland, will implement its OneDisburse Refund Management funds disbursement service on campus. Each year nearly 10,000 students take classes at Frederick, many of whom receive refund monies. Higher One will provide an efficient and streamlined new process that will benefit both administrators and the students they serve.

Higher One’s OneDisburse Refund Management funds disbursement service will enable a simpler, automated refund process from which administrators and students alike will benefit. Frederick Community College Financial Aid and other refunds are currently distributed to students via paper check which is “a long and time consuming process,” said Deborah Judd, Associate Vice President of Fiscal and Auxiliary Service at Frederick. “We wanted to find a way to more efficiently process refunds as well as get students their money quicker.” Judd went on to say that the decision to partner with Higher One was easy, “It made sense to go with a vendor who has a proven track record of providing this service.”

In addition to simplifying the refund process and bringing cost savings, Higher One provides other benefits to students. The Company actively advocates for student financial literacy and has implemented many programs to educate students about financial choices and responsibility.

About Frederick Community College

Frederick Community College is one of 16 community colleges in Maryland and serves more than 17,000 students each year who pursue an associate degree or certificate, or take non-credit classes for professional development or personal enrichment. FCC offers a wide-range of credit and Continuing Education programs for people of all ages including an Honors College, Kids on Campus program, Institute for Learning in Retirement, and everything in between. The 94-acre campus is about an hour outside of Washington, D.C., and Baltimore, MD.

About Higher One

Founded in 2000, Higher One, Inc., a subsidiary of Higher One Holdings, Inc. (NYSE:ONE), is a 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 5.4 million students. More information about Higher One can be found at HigherOne.com.

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