Central Piedmont Community College, Charlotte, N.C., has selected financial services provider Higher One, New Haven, Conn., to distribute refunds to its 70,000 students at its six campus locations.
Administrators reviewed a number of options including building an internally managed ACH program. Ultimately, the College decided that Higher One would be a more efficient choice and could provide the services the college needed.
“Our research showed over half of our students did not have an existing bank account,” said Baker. “Therefore, the majority of our refunds would continue to be via check. The One account provided a fee free checking account along with a debit card for CPCC students that did not have an existing bank account. This will allow CPCC to implement an electronic only refund process.”
Higher One’s OneDisburse Refund Management service will allow the college to distribute refund payments to students faster.