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 Sacramento Bee

Applause: Kudos to Ya’Shalan Nelson, Michelle Bebout and Susan Walden, and Caliber Collision and Nationwide Insurance

By Bill Lindelof
July 21, 2014

Kudos to: Ya’Shalan Nelson, Sacramento State student

Accomplishment: Grand prize winner of video contest

Details: Nelson was winner of Your Roadmap to Success video contest sponsored by Higher One, a company that partners with universities to improve graduation rates. The videos were judged on quality, creativity, clarity and completeness.

Read More Here.

 

 HuffPost Financial Ed

Study Supports Getting Onboard With Financial Literacy Education

Mary Johnson

Recent news that Florida is the first state in the nation to adopt the Council for Economic Education's National Standards for Financial Literacy is an encouraging development, and hopefully other states will similarly follow suit. "Money Matters on Campus", a recently released study on financial literacy among young adults, supports providing students with the opportunity to learn how to make informed decisions about their consumer choices, how to manage money on their own, and how to grow and protect their financial assets before they enter college and/or the workforce.

The study -- conducted by EverFi and sponsored by Higher One -- surveyed more than 65,000 first-year college students across the U.S. 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 -- but most noteworthy were findings that showed a higher demonstrated level of financial knowledge and tendency for more financially-responsible behaviors among students who received financial literacy education in high school.

Read More Here.

 

 BankCreditNews

Higher One adds Chinese yuan to international payments service offerings

Alex Mitich
June 27, 2014

Higher OneHigher One, which provides financial services and analytics to universities across the country, recently anncounced the addition of the Chinese yuan to its international payments service, which is powered by the company’s partnership with Western Union.

The addition of the yuan comes after other recent additions, including the Korean won earlier this year and the Indian rupee added last year. According to Open Doors, students who use the yuan, won and rupee represent more than 50 percent of all international students in the U.S.

“Our goal is to provide international students and their families with a straightforward and cost effective way to pay their tuition and other school fees in their own currency,” Jonathan Rees, the managing director of Western Union Business Solutions’ North America division, said. “China has the largest international student body in the world and it is crucial that the payment process works for them as well as their chosen place of study. The beauty of our offering is that it gives all parties confidence; education institutions know that they will receive the correct tuition amount in U.S. dollars while students know exactly how much they are paying in yuan, and that their payment will be immediately identified and reconciled against their fees and student IDs.”

Read More Here.

 

 Compliance Week

Higher One Names Chief Compliance Officer

June 19, 2014

Higher One, a financial services and data analytics provider to college and universities, has named Richard Howells as chief compliance officer.

In this role, Howells will focus on directing Higher One's compliance management program in relation to both the banking and higher education industries. He will report directly to the audit committee.

Most recently, Howells served as chief compliance officer and BSA/ CRA Officer at Putnam County Savings Bank in New York. Previously, he served as chief compliance officer at Farmington Bank and Union Savings Bank in Connecticut.

 


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