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 Award 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 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 their interest stemmed from the fact that utilizing Refund Management 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. 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

Founded in 2000, Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements. These include: student refunds, on-campus and community purchases, payroll and employee expenses, as well as the collection of payments from students, parents, and sponsors.

Higher One offers a suite of online banking services including the OneAccount, an FDIC-insured checking account, and OneCard, a Debit MasterCard^®. To date, Higher One has disbursed over $4 billion dollars in refunds for its clients to more than 1,000,000 students, faculty, and staff at distinguished public and private higher education institutions throughout the country.

Higher One recently ranked # 85 on the 2007 Inc. List of the 500 Fastest Growing Companies in the United States. Higher One is based in New Haven, CT.