Down the Higher One Rabbit Hole with Kyle Summerfield Note: Despite problems with the courts, the controversial financing practices of Higher One haven’t stopped hundreds of college administrations from hiring Higher One to disburse financial aid. Here, Merced College student Kyle Summerfield offers a graphic account of his own experience with the Higher One “Blue Card.” My name is Kyle Summerfield. I am currently a Merced College student. I am a […]
Higher One: Busted Again?
On November 6, Inside Higher Education reported that Higher One, the provider of debit cards on hundreds of college campuses, including Modesto Junior College and Merced College, is in trouble again. As we reported here, Higher One paid $11 million last year as part of deal with the Federal Deposit Insurance Corporation to provide restitution to students who were wrongfully charged for overdraft fees. Now Higher One is in trouble […]
Merced College Students Study Outsourcing Financial Aid
Despite their popularity with college and university administrators, institutions that have been hired to disburse financial aid for students continue to come under scrutiny from federal and state government overseers. On September 6, California Governor Jerry Brown signed into law Senate Bill 595 (SB 595). The bill stipulates, among other things, b) (1) Each campus of the California Community Colleges and the California State University shall offer a student the option of […]
Higher One: Setting the Record Straight?
After The Valley Citizen published two articles about local colleges outsourcing financial aid disbursements to Higher One, we received a letter from Higher One’s Lauren Perry saying that Higher One wished to “set the record straight so students know the truth.” The Valley Citizen is pleased to publish the letter in its entirety. Incidentally, a recent report from Bloomberg claims Higher One is for sale. Does that mean Higher One […]
Is Your College Betting Against Students with Higher One?
Editor’s note: The earliest version of this story did not explain the difference between the budget “reserve” and a budget “surplus.” A sharp-eyed reader caught the error, and we have added a parenthetical explanation below. Thanks to our vigilant readers for the help, always. At Merced College, the trouble with Higher One began during the second week of the fall semester. That’s when the College administration learned many students would […]