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Higher One Announces Appointment of New President and CEO

Marc Sheinbaum to Succeed Mark Volchek as President and CEO of Higher One Holdings, Inc.

New Haven, CT, April 16, 2014Higher One Holdings, Inc. (NYSE: ONE), a leading provider of financial services and data analytics to over 1,900 colleges and universities, announces that Marc Sheinbaum has been appointed as President and Chief Executive Officer of Higher One Holdings, Inc., effective today. Sheinbaum succeeds Company Co-Founder Mark Volchek, who will work closely with Mr. Sheinbaum to ensure a smooth transition. Mr. Volchek will remain on the Board of Directors and Mr. Sheinbaum will join the Board as an additional member.

Mr. Sheinbaum joins Higher One after leading JPMorgan Chase’s auto and student loan business as President and Chief Executive Officer for six years. During his tenure, Mr. Sheinbaum oversaw one of the largest providers of auto and student loans in the U.S., a unit with over 5,000 employees. Here, he more than doubled net income. Prior to this, Mr. Sheinbaum spent 15 years at GE in its consumer finance business, ultimately serving as President and Chief Executive Officer of GE Money Services, a role in which he oversaw the development of innovative value-added services.

Survey of 65,000 College Students Shows Need for High School Financial Literacy Requirement

Report, Money Matters on Campus, Details How Early Financial Attitudes and Knowledge Influence Students’ Financial Decisions

WASHINGTON, D.C., April 8, 2014—The second-year results of Money Matters on Campus, a survey of 65,000 first-year college students across the U.S., show that policy makers, practitioners and educators should encourage more and differentiated financial literacy education components in K-12 environments. Further, results indicate that colleges and universities should provide financial education early on in the college experience to maximize the likelihood that students will make sound financial decisions and increase their chance of degree completion.

The study—conducted by EverFi and sponsored by Higher One—surveyed students on banking, savings, credit cards and school loans, as well as a series of questions designed to assess students’ financial knowledge. Researchers found significant differences in the financial capabilities of students based on age, race, gender and institution type—as well as data that supports mandatory financial literacy education in high school, highlighting the strong connection between knowledge, attitudes and behaviors in this area.

In fact, findings show that students who received financial literacy education in high school scored significantly higher than their peers on financial knowledge questions and are significantly more responsible when it comes to money.

Higher One Community Outreach Efforts Target Youth Education and Empowerment

Higher One Helps Students to Succeed in High School, College and Beyond

New Haven, CT, April 3, 2014Higher One CARES (Community Action for Resources Education and Service), the community outreach group at Higher One, continues to strengthen community connections in the New Haven, CT area  and beyond through its national efforts to increase financial literacy and student success.

With partners like the non-profit organization Solar Youth, Inc., Higher One CARES is able to assist in providing opportunities for young people to develop a bright future and a positive sense of self. Higher One recognizes that student success goes beyond the academic world, even in the K-12 arena, and Higher One CARES supports Solar Youth’s programs that incorporate leadership and community service into empowering students.

“Our mission is to get involved and make connections that empower youth in the community, but community isn’t limited to where our employees live and work,” said Mark Volchek, co-founder and CEO at Higher One. “We want to make an impact across the country, where we currently provide our services for 13 million students at colleges and financial literacy programs for thousands of students at K-12 schools through our Higher One Financial Academy.”

Higher One’s Disbursement Services Achieves Oracle Validated Integration with Oracle’s PeopleSoft Campus Solutions

Integration with Oracle’s PeopleSoft Campus Solutions Can Make Financial Aid Refund Disbursement Easier for Students and Campuses

LAS VEGAS – (Mar. 10, 2014) – Higher One, a Gold level member of Oracle PartnerNetwork (OPN), today announced from the floor of the Alliance HEUG conference (booth 706) it has achieved Oracle Validated Integration of Higher One Disbursement Services with Oracle’s PeopleSoft Campus Solutions 9.0. Higher One provides disbursement services to more than 600 campuses across the country. For institutions, this service can cut down on the time and cost involved in issuing paper checks and allows the business office to focus on other student needs. For students, it can provide safe and fast electronic options for receiving their financial aid refund money.

To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers.

“This proven integration will help assure institutions that they can rely on the efficient processing of refunds, allotting more time for administrative resources,” said Casey McGuane, chief operating officer at Higher One. “It also supports a repeatable process semester after semester, 24/7 support and the assurance that PCI compliance and security standards are met.”

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Before Higher One, our students only had one way to get their refunds, and that was by paper check. With Higher One processing refunds for us, it has allowed us to provide more options for our students without having to enter and store student banking information. We also no longer have to handle sorting, stuffing and mailing thousands of checks.Suzanne ClaggettUniversity of West Florida
Higher One’s experience with college students and their focus on serving colleges distinguishes Higher One from all other financial service providers. We really liked the fact that the community college customer base is expanding for Higher One.Carla Chance St. Louis Community College

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