Del Mar College Plans to Increase Customer Service to Students by Disbursing Refunds Electronically

Del Mar now offers Students more Choice

New Haven, CT – October 31, 2007 - Higher One, a financial services company focused exclusively on higher education, announced that Del Mar College, in Corpus Christi, Texas will distribute refunds to its students via OneDisburse Refund Management.

Del Mar agreed to partner with Higher One in order to improve the college's previous method of refund disbursement with the hope that OneDisburse Refund Management will save the school money.

"Del Mar College is excited about the partnership with Higher One," explained Joe Alaniz, VP Business and Finance at Del Mar College. "One of our main goals is to make our campus and business process student friendly and efficient as well as cost effective. With Higher One, we will save time and money in processing student refunds."

Students at Del Mar will now have the ability to choose between three different ways to receive their refund payments. Each student can select to have his or her refund direct deposited into their OneAccount, Higher One's FDIC-insured checking account tied to a Debit MasterCard®, sent via an ACH to the student's current bank account, or mailed to the address on file at the school.

Students are no longer bothered with standing in long lines to pick up their checks or subject to uncertain periods of time awaiting the check's arrival in the mail. The students are now able to choose the method that best suits them.

Should the student also select to have their refund direct deposited into their OneAccount, they have the ability to purchase items such as school supplies and books with their OneCard, the Debit MasterCard tied to the checking account at over 34 million locations worldwide.

"Student will get their funds quicker with greater security and peace of mind," said Alaniz. "We appreciate Higher One providing the solution to improve our student services and help us save money."

Del Mar will begin issuing refunds via OneDisburse Refund Management in December of 2007.

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.

Del Mar College

Founded in 1935, Del Mar College is a 2-year community college serving the counties of Aransas, Kenedy, Kleberg, Nueces and San Patricio in South Texas. The college is home to over 11,000 students who strive to obtain Associate in Arts or Associate in Science degrees in over 50 university transfer majors and Associate in Applied Science degrees, Enhanced Skills Certificates and Certificates of Achievement in more than 80 occupational fields.