[April 12, 2012]

Higher One to Provide $50,000 in Scholarships for College Students Nationwide

Higher One CARES (Community Action for Resources Education and Service), the community outreach group at Higher One, announces that it is now accepting applications from undergraduate and graduate students for its "One Scholarship" competition. This scholarship will award 20 winning students $2,500 to put towards their college or university tuition. Hundreds of applicants entered the last "One Scholarship" competition, which also totaled $50,000 in scholarship money.

During the online submission process (HigherOne.com/scholarship), candidates are asked to consider how they have overcome obstacles to achieve educational goals and live Higher One's philosophy of "There is a way." Students can enter the competition by using YouTube (News - Alert) or Vimeo to create the video submission, which will be evaluated based on creativity, originality, quality, and impact of the student's story.

"It been insiring in years past to see the wealth of submissions from students all over the country who were working hard to overcome very personal or financial hurdles to get an education," said Miles Lasater, co-founder and COO of Higher One. "Higher One CARES strives to help build more vibrant communities through education and we're so pleased to be able to offer our 'One Scholarship' again this year to ambitious students."

The deadline for submission is April 30th, 2012. Full application guidelines are available at HigherOne.com. To qualify for a "One Scholarship," students must be enrolled for the fall 2012 semester as a full or part-time undergraduate or graduate student in good standing at one of the more than 800 college or university campuses nationwide that partner with Higher One. (Part-time students must be taking a minimum of 6 credits per semester.) Students must also have a GPA of 3.0 or above.

Higher One CARES was formed by employees at Higher One to help identify opportunities for community involvement and engagement. It supports a variety of not-for-profits and its primary mission is focused on helping build communities based on education, financial literacy and entrepreneurship. Higher One, a technology and payment services company focused on higher education, was founded in New Haven in 2000 by students, for students.

About Higher One

Higher One Holdings, Inc. (NYSE: ONE) is a leading company focused on helping college business offices manage operations and providing enhanced service to students. Through a full array of services from refunds, payments, electronic billing, payment plans and more, Higher One works closely with colleges and universities to ensure students receive Financial Aid refunds quickly, can pay tuition and bills online, make on-campus and community purchases and learn the basics of financial management.

Higher One provides its services to approximately 6.0 million students at distinguished public and private higher education institutions nationwide. More information about Higher One can be found at HigherOne.com.

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