Higher One Holdings, Inc., a leader in providing financial services and data analytics to more than 1,600 college and university campuses and approximately 13 million college students across the U.S., is pleased to announce the Minnesota State University Student Association (MSUSA) as a recipient of its Financial Literacy Counts grant. MSUSA is uniquely positioned as the only student association to receive this award, with the ability to reach seven campuses through its coordinated efforts and student representatives.

MSUSA will allocate the $8,000 grant towards a money management effort that will potentially reach more than 70,000 students in Minnesota. Funding from the grant will sustain a student awareness campaign to include a website dedicated to financial literacy as well as interactive questionnaires, surveys, webinars, presentations and programming. While MSUSA has spent years focused on tuition and financial aid advocacy efforts at the local, state and federal levels, it recognizes a growing concern around student debt and other important financial decisions students make during their college years.

"Our financial literacy program will go beyond our current advocacy work by enabling MSUSA to create an educational campaign that will encourage students to consider financial decisions carefully, as well as provide the information and tools they need when making decisions that will impact them now and in the future," said Shannah Mulvihill, MSUSA Director of Development & Programs. "We are grateful to Higher One for its support of this important work."

“At Higher One, we are focused on helping students manage their finances effectively so they can succeed in college. We are very excited about this unique opportunity to partner with a state-wide student organization to promote financial literacy in a robust, student-led and student-centered manner,” said Mary Johnson, Director of Financial Literacy and Student Aid Policy for Higher One.

Higher One partners with 14 of the Minnesota State Colleges and Universities for its Refund Management® distribution service and is able to offer innovative student banking services based on choice for those students. In supporting financial literacy initiatives through annual grants and scholarships like Financial Literacy Counts, Higher One is committed to helping students learn about financial responsibility and banking. Higher One also 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.

About MSUSA:

Established in 1967, the Minnesota State University Student Association (MSUSA) is an independent, non-profit organization funded and operated by students. MSUSA serves over 75,000 students attending Minnesota's seven state universities: Bemidji, Mankato, Metropolitan (St. Paul/Minneapolis), Moorhead, St. Cloud, Southwest (Marshall) and Winona. The mission of the Minnesota State University Student Association is to educate and inform students about higher education issues that affect their lives as students, while providing opportunities for these students to use this knowledge to advocate on behalf of all Minnesota State University students.

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 approximately 13 million enrolled students. More information about Higher One can be found at www.higherone.com.

Copyright Business Wire 2010