Higher One Empowering Students To Reach Their Full Potential.pdf Jun. 2014 | Page 18

Success =
Fast and efficient distribution of
refunds to students.

Fast and efficient distribution of
payroll for faculty, students and staff.

Refund Management®

Campus Payroll

Empowering choice and simplifying how
students receive and manage money. With just
one convenient file, we’ll distribute refunds based
on student preference - selecting from multiple
ways to receive their money without long lines
or wasted paper.

Cut costs, streamline federal work-study
disbursements and reduce exposure to risk. (We
collect, store and protect student banking data.)

Fast and efficient distribution of
PLUS loan refunds to parents.

PLUS Loan Refund
Management®

A more efficient process to pay
vendors electronically.

Accounts Payable
Solution
Offer more choices to funds recipients, eliminate
paper checks and provide increased security of
vendor account data - all while saving money.

Save on printing checks and long waits.
Maximize greater customer service and cost
savings by disbursing PLUS Loans directly
to parents.

Student data is secure
Students have choices
for fast delivery of
refund money
Administration has
real-time access online
Administration is in
control and has the
ability to quickly correct
errors online and deliver
refunds to students in
exception situations

The ability to detect and prevent
financial aid fraud.

Higher One has such a unique process; there is no

Financial Aid Fraud
Solution

looked at solutions with local and regional banks,

Proactively identify suspect enrollments and
applications through data analytics, recognize
patterns in students sharing similar directory
details and identify students who have
habitually taken aid from other schools
and then dropped out.

services for the low price that Higher One offered.

(

other competition as far as we are concerned. We
as well as disbursement plans through our payment
plan partner, but nobody could provide the level of

Gordon M. Eccles
Director of Student Financial Services
Spring Arbor University

)

fact: We’ve disbursed over $40 billion since our inception… almost 90% of it electronically