Florida State College at Jacksonville has partnered with technology and payment services provider Higher One to help electronically distribute Financial Aid and other refund disbursements to students.
With the new system students will have multiple refund options, including direct deposit to a Higher One provided OneAccount, or an automated transfer to a bank account of their choosing. Students will be sent a card in the mail with instructions on how to log onto a secure website to select how they would like to receive their refunds.
Mobile Alerts, email notifications and Online Bill Pay are just a few additional features of the OneAccount. Parents also have the ability to deposit money into the account.
When it comes time for disbursements to be made, a flat file is sent from FSCJ to Higher One which includes 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.