St. Louis Community College has signed an agreement to implement Higher One’s OneDisburse® Refund Management to hopefully improve the disbursement of refunds to their students. All distributions to students will now be handled by Higher One, allowing STLCC to manage other aspects of the education process. The services from Higher One will begin sometime in August 2007.
St. Louis Community College Signs on to Use Higher One’s OneDisburse® Refund Management to Improve Student Services
62 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 St. Louis Community College has signed an agreement to implement Higher One’s OneDisburse® Refund Management improving the disbursement of refunds to their students. STLCC will begin using the service effective August of 2007.
“Higher One provides us an opportunity to expand our financial services and provide the benefits of electronic refunds to our students,” said Carla Chance, Vice Chancellor for Finance and Business Services. “Our partnership with Higher One will allow STLCC to improve student services and overall customer service while streamlining costs that can now benefit other student-focused programs.”
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, STLCC 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.
“We are pleased to be providing St. Louis Community College 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, 62 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
Founded in 2000, Higher One provides higher education institutions and their students with efficient, convenient and easy-to-use solutions to handle financial disbursements including student refunds, on-campus and community purchases, and payroll and employee expenses. The company also offers a suite of online banking services through OneFinanceSM, which includes the OneAccount, a free checking account and OneCard, a Debit MasterCard® with exclusive features such as “Send Money”, Easy RefundSM, and Campus AutoLoad. Higher One is based in New Haven, CT and has over 100 employees.
About St. Louis Community College
St. Louis Community College is the largest community college system in Missouri and one of the largest in the United States. The college serves an area of approximately 700 square miles that includes the City of St. Louis, St. Louis County and portions of Jefferson and Franklin counties.St. Louis Community College recognizes the dignity and worth of all human beings and believes that postsecondary education should be available to all who can benefit from it. The College further believes that education should be a rewarding experience offered in an environment that fosters the growth and well-being of all members of the community it serves.