AUGUSTA STATE UNIVERSITY SIGNS ON TO USE HIGHER ONE'S ONEDISBURSE® REFUND MANAGEMENT SERVICE

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

Augusta, Georgia - November, 2006 - Augusta State University, located in Augusta, GA today announced that they have partnered with Higher One, the leading provider of customized financial services dedicated exclusively to the higher education market to improve how refunds are disbursed to their students. Augusta State University will be using Higher One's OneDisburse^® Refund Management. Augusta State is one of the 13 Georgia higher education institutions that have adopted Higher One's OneDisburse Refund Management since being named the preferred vendor of choice for Refund Management for the Georgia higher educational system including the University System of Georgia (USG) and the Georgia Department of Technical and Adult Education (DTAE). ASU also represents one of more than 60 schools to sign on with Higher One.

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.

Prior to Higher One, Augusta State University handled all disbursements in-house, producing student reimbursement checks through their accounts payable office. Their goal with signing on with Higher One was to streamline their entire disbursement process and provide an electronic means for students to receive these disbursements. Higher One's OneDisburse will allow students to get their refunds faster and with more options than before. HigherOne will benefit ASU employees by alleviating the heavy workload involved in handling the disbursement process.

"Student satisfaction is a priority at Augusta State and Higher One has helped us meet the demands of our students by providing the latest in technology and convenience," said Dan Whitfield, Vice President of Augusta State University. "Higher One offers our students a faster way to receive refunds and with more options while alleviating the labor-intensive disbursement process we had in place allowing for more of our resources to go toward other student-focused activities."

Augusta State University has implemented Higher One's Higher One's Refund Management disbursement service, which will help the university reduce administrative costs, streamline business processes, increase student choice and improve the student experience. Students will have the opportunity to use the OneAccount, a free FDIC insured checking account linked to their OneCard. If students choose to utilize this option, their ASU Debit MasterCard can be used worldwide everywhere MasterCard is accepted. Higher One's OneDisburse Refund Management is more than just payments; it offers students more choice and convenience while the school sees a direct cost and time savings.

Higher One's OneDisburse Refund Management includes the handling of all disbursements, customer service, reconciliation and other time consuming functions - eliminating many costs associated with refund delivery for Augusta State University and increasing customer service for students. Higher One's service is the only comprehensive Refund Management available today and features no setup costs, minimum involvement with schools' IT systems, and a unique revenue-sharing benefit for ASU. With OneDisburse, students can choose any of three options to receive financial aid and other refunds: direct deposit to the free OneAccount checking account, ACH to another bank checking account, or a paper check.

"We are happy to be providing the Augusta State University with a program that offers significant cost savings for the institution as well as more choices for students," said Dean Hatton, President and CEO, Higher One. "Similar to the rest of our Higher Education Clients, I am certain that they will be pleased with our Refund Management."

Leading the trend within higher education, New Haven, CT-based Higher One has become the standard of service for American higher education institutions looking for ways to improve the payment process and student experience. Higher One handles the entire process and manages any associated exceptions or customer service needs.

More than 60 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 $1.5 billion through over half a million individual payments.

About Augusta State University
Located in the second largest city in Georgia, Augusta State University is a unique blend of the old and the new, the traditional and the innovative. You'll find that blend in our academic offerings as well as the campus itself. Our academics combine a strong liberal arts tradition with practical hands-on application. Our campus boasts historic buildings and a $95 million building program that incorporates state of the art technology. Browse our pages and see how it all comes together to make Augusta State University truly unique among Georgia's colleges and universities.

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.

AUGUSTA STATE UNIVERSITY SIGNS ON TO USE HIGHER ONE'S ONEDISBURSE® Refund Management

AUGUSTA STATE UNIVERSITY SIGNS ON TO USE HIGHER ONE'S ONEDISBURSE^® Refund Management