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Higher One Announces Appointment of New President and CEO

Marc Sheinbaum to Succeed Mark Volchek as President and CEO of Higher One Holdings, Inc.

New Haven, CT, April 16, 2014Higher One Holdings, Inc. (NYSE: ONE), a leading provider of financial services and data analytics to over 1,900 colleges and universities, announces that Marc Sheinbaum has been appointed as President and Chief Executive Officer of Higher One Holdings, Inc., effective today. Sheinbaum succeeds Company Co-Founder Mark Volchek, who will work closely with Mr. Sheinbaum to ensure a smooth transition. Mr. Volchek will remain on the Board of Directors and Mr. Sheinbaum will join the Board as an additional member.

Mr. Sheinbaum joins Higher One after leading JPMorgan Chase’s auto and student loan business as President and Chief Executive Officer for six years. During his tenure, Mr. Sheinbaum oversaw one of the largest providers of auto and student loans in the U.S., a unit with over 5,000 employees. Here, he more than doubled net income. Prior to this, Mr. Sheinbaum spent 15 years at GE in its consumer finance business, ultimately serving as President and Chief Executive Officer of GE Money Services, a role in which he oversaw the development of innovative value-added services.

Campus Labs Named Reader’s Choice Top Product in University Business Magazine

Buffalo, NY, January 14, 2014—Campus Labs® Baseline, the assessment tool from Higher One, has been recognized in University Business Magazine as a reader’s choice top product. Nominations from campuses utilizing Campus Labs Baseline highlighted the platform’s ease of use and detailed analytics that allow administrators to make truly data-driven decisions on campus.

Campus Labs Baseline provides the technology, resources and expert consultation required to create an integrated, coordinated and comprehensive assessment approach across campus—and was designed to connect and translate assessment data for the purposes of improving the student experience both inside and outside the classroom.

“Campus Labs’ products, including Baseline, have helped the 12 departments within the Division of Student Affairs at Illinois State University in writing our goals in a learning outcomes format,” said Larry Dietz, vice-president for student affairs at Illinois State University. “They have brought us closer together in our planning and assessment activities and have informed our decision-making regarding funding for our departmental and divisional priorities.”

Minnesota State University Student Association Receives Financial Literacy Grant from Higher One

Student Leaders Focus On a Bright Financial Future

[Saint Paul, MN – December 12, 2013] — Higher One Holdings, Inc., a leader in providing financial services and data analytics to more than 1,600 college and university campuses and approximately 13 million college students across the U.S., is pleased to announce the Minnesota State University Student Association (MSUSA) as a recipient of its Financial Literacy Counts grant.  MSUSA is uniquely positioned as the only student association to receive this award, with the ability to reach seven campuses through its coordinated efforts and student representatives.

MSUSA will allocate the $8,000 grant towards a money management effort that will potentially reach more than 70,000 students in Minnesota.  Funding from the grant will sustain a student awareness campaign to include a website dedicated to financial literacy as well as interactive questionnaires, surveys, webinars, presentations and programming.  While MSUSA has spent years focused on tuition and financial aid advocacy efforts at the local, state and federal levels, it recognizes a growing concern around student debt and other important financial decisions students make during their college years.

"Our financial literacy program will go beyond our current advocacy work by enabling MSUSA to create an educational campaign that will encourage students to consider financial decisions carefully, as well as provide the information and tools they need when making decisions that will impact them now and in the future," said Shannah Mulvihill, MSUSA Director of Development & Programs.  "We are grateful to Higher One for its support of this important work."

Higher One Announces Management Succession Plan

Mark Volchek to Remain CEO during Search and Transition Period

[New Haven, CT – December 4, 2013] Higher One Holdings, Inc. (NYSE: ONE), a leader in providing financial services and data analytics to more than 1,600 college and university campuses and approximately 13 million college students across the U.S., announced that Company Co-Founders Miles Lasater and Mark Volchek and the Board of Directors have initiated a succession plan to bring the next level of senior leadership into the Company. The Board of Directors is forming a search committee and has selected the executive recruiting firm of Spencer Stuart to conduct a search for a new CEO. Mr. Volchek will continue in his role as CEO, will assume the duties of President effective January 10, 2014 and remains on the Board of Directors. Additionally, Mr. Volchek intends to work closely with the new CEO, once hired, to ensure a smooth transition.


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Before Higher One, our students only had one way to get their refunds, and that was by paper check. With Higher One processing refunds for us, it has allowed us to provide more options for our students without having to enter and store student banking information. We also no longer have to handle sorting, stuffing and mailing thousands of checks.Suzanne ClaggettUniversity of West Florida
Higher One’s experience with college students and their focus on serving colleges distinguishes Higher One from all other financial service providers. We really liked the fact that the community college customer base is expanding for Higher One.Carla Chance St. Louis Community College

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