Higher One is a company, which provides financial disbursement services to various members of higher educational institutions like the students, staff and alumni. In 2007 it was ranked at # 85 on the list of the 500 Fastest Growing Companies in United States. The company is headquartered at New Haven in the state of Connecticut.
Students of higher education institutions stand to benefit from a range of refund management services offered by Higher One. The biggest advantage in using these services is that students receive their financial aid refunds through convenient electronic process. This saves them from the trouble of standing in long queues to receive their checks or waiting for the check to arrive in mail.
The electronic refund of financial aid also means that students do not have to suffer delays in receiving funds. This enables them to cover back to school costs promptly instead of waiting for funds to pay for books, rent and other school supplies. Thus the refund services provided by Higher One – titled OneDisburse – to students mean that they can worry less about quick delivery of aid refund and can enjoy their campus experience more.
Another useful student-oriented financial service offered by Higher One is OneAccount. This is a free checking account, which does not require the student to have a minimum balance. OneAccount is completely insured by the FDIC and parents too can use it to send money to their children at college. To make payment procedure further flexible students can make use of OneCard, which can be used pay for goods and services wherever a Debit MasterCard is accepted.
The refund disbursement service called OneDisburse from Higher One is extremely useful for college or university authorities. As the number of students receiving financial aid continues to grow in the time of rising tuition costs, the college authorities find themselves involved in the overwhelming task of disbursing student refunds. They could save time and costs by taking the help of disbursement management services like OneDisburse.
One of the major advantages of subscribing to refund disbursement services from Higher One is that it does not require any large-scale overhaul of the institutions present system. There are no softwares or hardwares to be installed and the company can fully implement OneDisburse within 12 weeks. There are separate processes for Business Administrators and IT staff and for the latter the OneDisburse comes with the option of ID integration.
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