74 Higher Education Institutions Now Using Higher One's Services Enabling Students to Receive Money Faster And With More Refund Choices

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 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 will improve the refund disbursement process."

Higher One's OneDisburse Refund Management 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.

About Higher One

Focused exclusively on higher education, Higher One provides Refund Management to higher education institutions and banking services to members of their community through a card based solution. Higher One's integrated solution helps it's clients reduce administrative costs, streamline business processes, create new revenue streams, increase student customer service and strengthen the campus community. Higher One's OneDisburse provides students with more choices and better services for receiving financial refunds and payroll. Higher One also offers a suite of banking services called OneFinance, which includes the OneAccount, a no minimum balance, no monthly fee checking account with the OneCard, a Debit MasterCard for ATM withdrawals and purchases, and exclusive features such as "Send Money", Easy Refund, and Campus AutoLoad. The OneFinance and OneDisburse solutions can be integrated with the institution's ID card or provided through a separate "refund only" card.

To date, Higher One has disbursed $2 billion dollars in refunds for its clients. More than 600,000 students, faculty, and staff at distinguished public and private higher education institutions use Higher One's services through their ID or refund card.

About The University of Texas at Tyler

One of the 15 campuses of The University of Texas System, UT Tyler offers excellence in teaching, research, artistic performance and community service. More than 70 undergraduate and graduate degrees are available at UT Tyler, which has an enrollment of nearly 6,000 high-ability students at its campuses in Tyler, Longview and Palestine.