Northland Pioneer College in Holbrook, Arizona has selected Higher One to help electronically distribute Financial Aid and scholarship refund disbursements to students.
Currently, students can only receive their refunds by a paper check, which means administrations spend long hours printing, stuffing, and organizing checks while students wait even longer to receive them.
Taking effect mid-August, NPC students will be sent the NPC Money Card in the mail with instructions on how to log onto a secure website where they will be able to select how they would like to receive their refunds from the college. Students may chose from either an automated transfer to any bank account of their choosing or direct deposit to a Higher One provided OneAccount.
Comes disbursement time, a flat file is sent from NPC to Higher One with student names and the total amount of each refund. An accompanying wire is also routed for the amount of the total disbursement. Higher One then disburses the refunds to each student based on how he or she chose to receive it.