THREE ADDITONAL COMMUNITY COLLEGES ADOPT HIGHER ONE'S REFUND MANAGEMENT SYSTEM

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

NEW HAVEN, CT, November, 2006 - St. Louis Community College, Central Florida Community College and Bunker Hill Community College announced today that they have recently joined eight other community college institutions in implementing Higher One's OneDisburse® Refund Management disbursement service. Higher One, the leading provider of customized financial services dedicated exclusively to the higher education market, is providing institutions with the ability to achieve more refund choices for students, free up time for faculty during the refund process and reduce administrative costs. With the implementation of Higher One, these institutions are enhancing services for students, faculty and staff to provide an efficient and timely refund process that meets the needs of everyone. St. Louis, CFCC and Bunker Hill also represent three of more than 60 schools to sign on with Higher One.

"We are proud to announce partnerships with three more community colleges," said Dean Hatton, President and CEO, Higher One. "There are more than 1,100 community colleges in the nation that have a rich history of providing educational opportunities to all Americans and share a common mission of open access and equity that Higher One is proud to be a part of. We continue to see an increasing need among schools to provide effective management of the refund disbursement process and improve the student payment experience and we look forward to continuing to offer these services to our partners."

Higher One continues to experience increasing interest from community colleges nationwide as they look to improve their student services and decrease administrative costs. As more community colleges learn that a solution such as Higher One's OneDisburse^® exists, they are quickly embracing it to better serve their students. These three new institutions have now joined many other community colleges such as, Miami Dade, Georgia Perimeter College, and McLennon Community College, to make over ten Higher One community college partnerships.

St. Louis Community College Signs on to Use Higher One's OneDisburse^® Refund Management

St. Louis Community College, the largest community college system in Missouri and one of the largest in the United States, recently adopted the Higher One program to offer more refund choices to the more than 27,000 students on their four major campuses. The College will be using Higher One's OneDisburse^® ID program.

Prior to Higher One, students at St. Louis Community College received financial aid and other refunds through a non-debit, self managed ID program. Signing on with Higher One resolved challenges facing STLCC's refund disbursement process by providing a secure and timely process for students to receive these refunds electronically while also acting as an ID card that functions seamlessly with existing and future technical systems. Higher One's services have alleviated administrative costs of the past system and increased student services. Through Higher One, each student will have the option of an online account for their refunds, solving one of the schools biggest financial aid disbursement issues.

"Higher One provides us an opportunity to expand our financial services and provide the benefits of electronic refunds to our students," said Carla Chance, Vice Chancellor for Finance and Business Services. "Our partnership with Higher One will allow STLCC to improve student services and overall customer service while streamlining costs that can now benefit other student-focused programs."

Central Florida Community College Adopts Proven Refund Management

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.

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 MasterCard debit card will help CFCC reduce administrative costs, streamline the refund process and increase student choices.

"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."

Bunker Hill Community College

Bunker Hill Community College (BHCC), located in Boston, MA 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 financial aid refunds are disbursed to their students. Bunker Hill Community College will be using Higher One's OneDisburse^® Refund Management. Bunker Hill Community College represents one of more than 60 schools to sign on with Higher One, and the first school in Massachusetts.

"We are excited about being the first school in Massachusetts to choose Higher One," said Weusi Tafawa, Comptroller at Bunker Hill Community College. "Not only does Higher One provide a solution to the issues that we faced with the refund process we had in place prior, but it also delivers students their money faster and with more options."

About St. Louis Community College
St. Louis Community College is the largest community college system in Missouri and one of the largest in the United States. The college serves an area of approximately 700 square miles that includes the City of St. Louis, St. Louis County and portions of Jefferson and Franklin counties.

St. Louis Community College recognizes the dignity and worth of all human beings and believes that postsecondary education should be available to all who can benefit from it. The College further believes that education should be a rewarding experience offered in an environment that fosters the growth and well-being of all members of the community it serves.

About CFCC
CFCC is a fully accredited, two-year college that offers students the valuable learning opportunities of a large university with a warmer and more personal touch. Whether you plan to continue your education at a four-year college or university, gain skills for immediate employment, or expand your knowledge of new subjects, CFCC can help you reach your learning goals.

About Bunker Hill Community College
Bunker Hill Community College is a public institution of higher education offering programs and courses of study including arts and science, nursing and allied health, domestic and international business, hospitality and culinary arts, early childhood development, electronics and computer applications. The College supports open access to post-secondary education by providing a range of educational opportunities that include distance learning, self-directed learning and an honors program. The College offers an entry-level assessment program for new incoming students, a sound foundation in developmental studies and, for non-native English speaking students, a variety of levels of English as a Second Language (ESL) instruction.

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.

THREE ADDITONAL COMMUNITY COLLEGES ADOPT HIGHER ONE'S Refund Management