THE UNIVERSITY OF TEXAS AT TYLER SIGNS ON TO USE HIGHER ONE'S ONEDISBURSE® Refund Management^SM TO IMPROVE STUDENT SERVICES

New Haven, CT – June 2007 - Higher One, a technology-driven financial services company serving higher education, announced today that The University of Texas at Tyler has signed an agreement to implement Higher One's OneDisburse® Refund Management^SM improving the disbursement of refunds to their students. UT Tyler will have the ability to begin processing refunds in August.

“UT Tyler is happy to begin a partnership with Higher One in an effort to provide our students with faster, more convenient and better customer service regarding their refunds,” said Sherry Powell, UT Tyler Director of Student Business Services. “By providing our students with a choice of three different ways to receive their refunds, we feel confident that OneDisburse Refund Management^SM will improve the refund disbursement process.”

Higher One’s OneDisburse Refund Management^SM 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, UT Tyler 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 HigherOne OneAccount, a free FDIC insured checking account linked to a OneCard debit MasterCard, known to the UT Tyler community as the Swoop OneCard.

 “We are pleased to be providing UT Tyler with a program that offers significant cost savings for the institution as well as more choices for students,” said Dean Hatton, President & CEO, Higher One. “The higher education community is quickly embracing solutions such as Higher One’s OneDisburse as colleges and universities nationwide look to improve their student services and decrease administrative costs.”

With this signing, 74 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.

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