Campus Cards, College and University Identification and Security

Arizona college gears up for improved refund disbursements

Friday, August 13, 2010

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. [end] 

Gordon College, located in Barnesville, Ga., announced that it has renewed its contract with Higher One for its technology and payment services.

With an enrollment of approximately 5,000 students, Gordon College campus will continue to utilize Higher One’s OneDisburse Refund Management funds disbursement service to simplify the refund process, for both administrators and students.

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Students at Park Hills, Mo.-based Mineral Area College will be receiving their financial aid refunds faster this year through a prepaid card issued by Central National Bank in Oklahoma.

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Heartland Payment Systems Campus Solutions division has recruited 12 higher education districts and campuses totaling 20 different colleges to manage the schools’ financial aid disbursement services utilizing Heartland’s Acceluraid electronic disbursement product.

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Fox News Business has taken a look at university IDs that also double as prepaid cards. Fox dubs the prepaid aspect as “the latest twist on a long tradition of college campus ID cards serving a dual financial purpose.”

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