College Students Call on Schools and Financial Institutions for Improved Financial Education

National Survey Finds Students’ Confidence in Managing Money Waning, More Financial Literacy Needed

New Haven, CT – July 27, 2010– College students need better financial literacy education and they think their schools, banks and other financial institutions are the ones who should be providing it, according to a national survey released today by Higher One Holdings, Inc.

Nearly 70 percent of the students polled believe that their colleges and universities need to increase financial literacy initiatives and expand programs that teach students the skills they need to successfully manage their money. Similarly, 85 percent of the students surveyed believe that banks and other financial institutions should be doing more to encourage and enhance money management skills.

When asked about who should provide personal finance education, more than three times as many students responded that they believe their school is responsible than those who think it is their parents’ responsibility.

Last Updated on Friday, 30 July 2010 13:20

Acquisition Expands Refund and Payment Service Offering

New Haven, CT - November 20, 2009 - Higher One, a financial services and payment company focused exclusively on higher education, today announced that it has reached a definitive agreement to acquire CASHNet, a leader in payment management services to colleges and universities. Colleges and universities will be able to leverage refund as well as payment services within one relationship. New and existing customers will be able to leverage cost savings initiatives across a broad range of student services. Students and parents will gain more choices and flexibility to manage their payments and refunds. Financial terms of the transaction were not disclosed.