Higher One, a leader in providing financial services and data analytics to more than 1,600 college and university campuses across the U.S., is pleased to announce seven recipients of its Financial Literacy Counts grant program, which were awarded a total of $25,000 in its third year.

Higher One launched the Financial Literacy Counts grant program to provide institutions with funding for financial literacy awareness campaigns, workshops, online financial literacy tools and other activities and resources that promote financial literacy and provide opportunities to increase students’ personal financial management skills and abilities. The seven colleges and universities selected to receive a combined amount of $25,000 through Financial Literacy Counts include:
  • Bluefield State College, Bluefield, WV
  • Eastern Oklahoma State College, Wilburton, OK
  • Hampton University, Hampton, VA
  • Iowa Western Community College, Council Bluffs, IA
  • Navarro College, Corsicana, TX
  • Northampton Community College, Bethlehem, PA
  • University of Missouri, Columbia, MO

The Financial Literacy Counts grant competition was open to all non-profit, accredited institutions of higher education across the country. Higher One received applications representing 30 states and an array of four-year and two-year public and private institutions.

The winning proposals were selected based on their high levels of student involvement in planning and execution, quality and creativity of the grant’s approach, and impact on the greatest percentage of students on campus. This year’s winning programs include an array of activities, including student peer financial counselors for first-year students at the University of Missouri; the “Pirate’s Treasure Financial Education” program at Hampton University, featuring a student-led financial literacy week workshop series; and an interactive ‘Dollars and $ense’ series of activities at Iowa Western Community College.

“The Financial Literacy Counts grant allows the ‘Dollars and $ense’ Financial Literacy Series to highlight fun and interactive programs for students to learn more about budgeting, credit cards and money management,” said Julie Thompson, Accounting Manager at Iowa Western Community College. “The three-week long series is a collaborative effort between four student groups on campus and will have programs featuring guest speakers, an educational game show and financial literacy quiz questions.”

Higher One believes students can be financially responsible and, when given the necessary tools, 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.

Money Matters on Campus , a recent survey of 40,000 college students, found that 79 percent of college students worry about debt,” said Mary Johnson, Director of Financial Literacy and Student Aid Policy at Higher One. “We are committed to developing real-world and student-focused money management programs and activities—and the Financial Literacy Counts grants program helps institutions create and implement much needed curricula and programs.”

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

About Higher One

Higher One (NYSE:ONE) partners with colleges and universities to lower their administrative costs and to improve graduation rates. We provide a broad array of payment, refund disbursement and data analytics and management tools to institutions that help them save money and enhance institutional effectiveness. And for students, we offer financial literacy programs and convenient, flexible and affordable transaction options to help them manage their finances. Higher One is a leader in higher education and we support more than 1,600 schools and over 13 million enrolled students. More information about Higher One can be found at www.higherone.com.

Copyright Business Wire 2010