Berkeley College Taps Higher One to Offer OneDisburse^® Refund Managment^SM to Students at 7 Campus Locations

New Haven, CT – July 12, 2007 - Higher One, a technology-driven, financial services company serving higher education, announced today that it has reached an agreement with Berkeley College to implement the company's OneDisburse Refund Management in an effort to further increase the efficiency of the College's refund disbursal process.

Higher One's OneDisburse Refund Management is an innovative way to for Berkeley to streamline the school's refund distribution process while at the same time delivering to the student body a higher level of customer service. As part of Refund Management, Higher One is responsible for making the payments, providing customer service, and performing any exception handling procedures.

As Berkeley has 7 campus locations in New York and New Jersey as well as distance learning programs, it is vitally important that the College partner with a company that has the capability to reach out to each campus and work with them to inform the student body about the services. Berkeley has multiple bursar operations and a high volume of refund transactions.

With a client list comprised of many multi-campus clients, including schools like Troy University, Pace University, and Webster College, Higher One has shown the ability to inform the student population and effectively manage the refund disbursement process at multiple campus locations.

OneDisburse Refund Management will enable Berkeley to reduce the amount of paper checks issued to the student body by offering students a choice of three different methods of receiving refunds from the College: direct deposit into a free, FDIC-insured checking account called the OneAccount, an ACH into the student's current bank account, or a paper check. With two electronic methods of receiving refunds from the College, Higher One's current clients have seen a dramatic decrease in the amount of paper checks issued to students.

Berkeley College is scheduled to begin issuing their first refunds through Higher One with the start of the fall semester of this year.

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.

Established in 1931, Berkeley College is a coeducational college specializing in business. With seven locations in New York and New Jersey, USA, an online "campus," and students from 29 states and 112 foreign countries, Berkeley is widely recognized for its academic excellence.

Media Contacts:
Melissa Kanter
Edelman
212.704.8261
Melissa.kanter@edelman.com

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