Higher One and Quicken work together to arm college students with the tools to become financially responsible

New Haven, CT – January 2, 2008 - Higher One, a financial services company focused exclusively on higher education, will work together with Intuit’s Quicken, the industry leader in personal finance software. The two will work in concert to develop unique solutions to help students get the early best practices about financial management and succeed in the future.

“We are always looking for ways to help teach students how to better understand their finances,” explained Dean Hatton, President & CEO, Higher One. “It is important for us, as a financial services company serving higher education, to assist students as many begin to use banking services for the first time. Higher One is very excited to work with Intuit to deliver Quicken Online to students.”

Higher One’s Refund Management capabilities enable Colleges and Universities to distribute refunds to students electronically. The service streamlines the disbursal process and provides students with a more convenient means for receiving refunds. With Higher One, students also have the ability to open a fully functioning, FDIC-insured checking account known as the OneAccount. Linked to a Debit MasterCard®, students can use the OneAccount to purchase items anywhere MasterCard is accepted.

With increased enrollment in institutions of higher education and Colleges and Universities offering a vast array of financial services to these students, teaching students fiscal responsibility has become increasingly important. Thanks to Quicken Online, students can now use this powerful software to help track their finances and manage their financial well being.

Students will be able to access Quicken Online via www.higherone.com beginning in February of this year.

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.