Financial aid disbursement providers do battle for share of campus market
Financial aid refund systems have been a hot topic the past year. The conversation has focused around the fees these programs charge students and whether they leave them more in debt than necessary after they leave school.
The Washington Post, syndicated radio shows and numerous other publications have called out these programs with claims they gouge students. Higher One, a financial aid refund management company that went public last year, has been the primary target of this ire.
Dispersing financial aid is a tough job for schools that can be labor intensive and there’s a lot of money at stake. In 2011 the U.S. Department of Education expected to deliver $156 billion to colleges and universities.
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