CFCC TO OFFER ONECARD

Higher One’s Refund Management disbursement service will Enable Students to Receive Their Money Faster with More Refund Choices.

(OCALA, Fla.) Oct. 27, 2006 - Central Florida Community College (CFCC) has partnered with Higher One, a provider of customized services for the higher education market, to improve financial aid disbursements to students through the company's OneCard program.

"CFCC is one of several community colleges that have elected to participate in this new concept," said Dr. James Harvey, CFCC's vice president for Administration and Finance. "We are confident that it will greatly enhance our services to students."

Financial aid and tuition refunds will be disbursed via the CFCC OneCard in a manner that the student selects: electronic transfer, ACH transfer or paper check. The Debit MasterCard® will help CFCC reduce administrative costs, streamline the refund process and increase student choices.

"We are very excited to begin working with Central Florida Community College," said Dean Hatton, president and CEO of Higher One. "CFCC has seen the success that other Florida community colleges have had with our services and we look forward to providing them with the same level of results and student satisfaction."

CFCC students will be mailed the debit cards at the legal address they have on file at the college. This mailing is tentatively scheduled for the last week in November. CFCC expects the program to be fully implemented by the end of Fall Semester 2006, such that the first refunds for Spring Semester 2007 will be made by Higher One. For information about the CFCC OneCard, visit http://www.cf.edu/news/higherone.htm.

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.