PENSACOLA JUNIOR COLLEGE SIGNS ON TO USE HIGHER ONE'S ONEDISBURSE® REFUND MANAGEMENT TO IMPROVE STUDENT SERVICES

New Haven, CT – June 28, 2007 - Higher One, a technology-driven financial services company serving higher education, announced today that Pensacola Junior College has signed an agreement to implement OneDisburse® Refund Management^SM improving the disbursement of refunds to their students. PJC will begin using the service for PJC's Fall Term.

Higher One's OneDisburse Refund Management streamlines the entire disbursement process in which all disbursements and reconciliation are managed electronically and customer service needs are handled directly by Higher One. As a result, PJC will benefit from the elimination of time-consuming functions, paper checks and errors while realizing significant cost savings throughout the organization. As part of the service, students will also be able to choose how they receive their refunds including the option to open a Higher One OneAccount, a free FDIC insured checking account linked to a OneCard Debit MasterCard® known to the PJC community as the PJC OneCard.

With this signing, 67 colleges and universities in the U.S. have now signed on to use Higher One's services. Since September 2002, Higher One has managed the disbursement of $2.2 billion for its client institutions totaling more than 1.6 million transactions. In that time period over one million students, faculty, and staff at these institutions have used Higher One's services through their ID or refund card.

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.

Pensacola Junior College, widely recognized as a premiere two-year college, was founded in 1948 and serves Escambia and Santa Rosa counties. PJC offers its more than 26,000 students a choice between more than 100 majors and areas of concentration, along with the latest high-tech resources and exciting opportunities. The college offers full-service campuses in Milton, Pensacola and Warrington, as well as the Downtown Center and PJC Center at Pensacola Naval Air Station. More than 30 percent of graduating seniors from Escambia and Santa Rosa counties begin college life at PJC.

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

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