Higher One, a technology and payment services company focused on higher education, is pleased to announce the winners of its first Money on My Mind video contest designed to reward students for sharing their knowledge with their peers about how to tackle tough financial problems.

The grand prize winner of $2000 is Lisett Roque, student at Harrisburg Area Community College in Harrisburg, Pennsylvania. In her winning entry, Lisett perceptively describes her biggest financial challenges as disciplining herself to live on a budget and avoiding tempting out-of-pocket expenses.

Lisett tells us in her video, “You have to realize that although your friends may be going out every weekend, or your family may want you to come on a big vacation, these are out-of-pocket expenses and they add up quickly. Therefore the number one challenge I face as a college student is finding the balance of what is and is not necessary and how not to live beyond my means.”

According to a study conducted by Higher One among 5,488 students nationwide, college students are seeking basic financial management knowledge. To act upon these findings, Higher One launched the Money on My Mind contest this fall, giving students the opportunity to be rewarded for sharing their responsibility and thoughtfulness about money challenges they face. The contest invited students to submit a two-minute video describing their current money management challenges, their strategies for overcoming them while juggling school, work, family, and social life—and finally, their advice for others experiencing similar financial difficulties.

“Students are making national headlines as they begin to stand up and take notice of their current and future financial obligations,” said Mary Johnson, Financial Literacy and Consumer Advocacy expert at Higher One. “It’s important now that we take a productive and encouraging role by providing students with actual tools and knowledge to set themselves up for financial stability and success. Our goal with Money on My Mind was to help students engage and influence their peers positively on the topic directly via social media, and it has proven very effective.”

Second prize was awarded to Annette Torres of Seminole State College in Florida and third prize was awarded to Ziomara Morales of Cypress College in California. Ten cash prizes, ranging from $100—$2000 were awarded and featured on the financial literacy blog One For Your Money, and comments and discussions were encouraged. The Money on My Mind contest was open to students who are served by Higher One’s refund and payment services across the country. The high volume of video submissions was judged on clarity and completeness of responses, creativity, and overall quality.

Higher One believes that students are financially responsible when given the necessary tools and can successfully live within their means. To that end, Higher One offers innovative student banking services based on choice. The company has dedicated resources to financial literacy including its Financial Intelligence online financial literacy course and the One For Your Money blog dedicated to the fundamentals of finances for college students. Most recently, Higher One launched its first Financial Literacy Counts grant program, giving schools the opportunity to receive funding for student awareness campaigns, workshops, online financial literacy tools, and other activities and resources that promote financial literacy and provide opportunities for students to increase their personal financial management skills and abilities.

Learn more about Higher One’s dedication to strengthening financial literacy among students at OneForYourMoney.com or on Twitter at @MoneyTalkMary or @HigherEdvice.

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 5.8 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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