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Higher One Acquires Sallie Mae’s Campus Solutions Business

Acquisition Strengthens Higher One’s Payment and Refund Service Capabilities

New Haven, Conn., and Newark, Del. – May 7, 2013 – Higher One Holdings, Inc. (NYSE: ONE) and Sallie Mae (NASDAQ: SLM) today announced that Higher One has acquired Sallie Mae’s Campus Solutions business. Sallie Mae’s Campus Solutions provides business-to-business solutions, including e-commerce and billing payment solutions, refund disbursement services, and tuition payment plan administration, to college and university business offices across the country. Higher One is a leader in providing financial services and data analytics to college and university campuses across the U.S.

Higher One Opens Financial Literacy Counts Grant Program to Colleges and Universities Nationwide, Recognizes Financial Literacy Month

[New Haven, CT, April 10, 2013]—Higher One, a leader in providing services to higher education administrators and students at more than 1,300 campuses across the U.S., has opened the application process for its third annual Financial Literacy Counts grant program, which supports financial literacy programs and initiatives on college and university campuses.

Selected institutions will receive grants totaling between $2,000 and $5,000 each to support student awareness campaigns, workshops, online financial literacy tools and other activities and resources that promote financial literacy and provide opportunities for students to increase their personal financial management skills and abilities.

The U.S. Congress recognizes April as Financial Literacy Month, and the Financial Literacy Counts grant program is an example of Higher One’s continued mission to support financial literacy among college students by providing needed resources and promoting effective initiatives on campuses—Money Matters on Campus, a recent survey of 40,000 college students, found that 79 percent of college students worry about debt.

“Higher One’s engagement with over 10 million college students across the country has strengthened our commitment to develop real-world money management programs with our partner institutions,” said Mary Johnson, Director of Financial Literacy and Student Aid Policy at Higher One. “The Financial Literacy Counts grants help institutions create and implement much needed curricula and programs.”

The Financial Literacy Counts grant program is part of the company’s Higher One CARES (Community Action for Resources Education and Service) initiative, which was formed by employees of the company to identify opportunities for community involvement and engagement.


Money Matters on Campus Sounds the Alarm for Augmented, Increased Financial Literacy Education Programing

WASHINGTON, D.C., February 27, 2013—A new report detailing the findings from a survey of 40,000 first-year college students from across the U.S. demonstrates to colleges and universities how student financial problems not only impact individual student outcomes but also the institutional mission.

Money Matters on Campus: How Early Attitudes and Behaviors Affect the Financial Decisions of First-Year College Students identified first-year college students’ attitudes towards debt as well as related financial behaviors to determine what role each plays in student financial outcomes.

The study—conducted by EverFi and sponsored by Higher One—surveyed students on banking, savings, credit cards and school loans. The majority of participants (91.2 percent) were first-year college students (mean age = 18.2 years). One of the many survey findings revealed a strong correlation between incurring early debt and not being affiliated with a banking institution. Further, an increased risk of negative financially related outcomes, as students and later in life, was correlated with current risky financial attitudes/behaviors.

Higher One Announces Greater Nationwide ATM Access

Higher One Announces Premier Checking Account Link to Allpoint Surcharge-Free ATM Network

[New Haven, CT – February 21, 2013] Higher One, a leader in providing services to higher education administrators and students at more than 1,250 campuses across the U.S., announces a new partnership with Allpoint Network, a Cardtronics, Inc. affiliate, to allow OneAccount Premier cardholders to have free ATM access, nationwide, at 38,000 Allpoint® ATMs.

This move comes in an effort to further expand Higher One’s national ATM network and will allow OneAccount Premier cardholders to conduct standard ATM transactions, including withdrawals and statement balance inquiries, free of charge at any Allpoint Network ATM in the United States.

“We have been working on this massive effort for some time and are very pleased to kick off 2013 with a significant enhancement to our banking services for our customers,” said Miles Lasater, COO, who co-founded Higher One on a college campus in 2000. “Each college or university with whom we partner is already set up with an ATM or several ATMs, but aligning with Allpoint Network allows our Premier customers to gain free ATM access in many more places off campus, including within many retailers already part of their daily routine.”


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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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