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Financial Aid Delivery

Financial Aid Delivery

March 27, 2014 / ,

Stand up for your industry: DoE’s reg draft would cripple campus cards

The Department of Education released an initial draft of proposed changes to the Cash Management portion of the regulation governing title IV financial aid funds. The document includes a series of provisions that would dramatically impact the ways campuses could...
March 25, 2014 /

Financial aid and card regulations: The clause that could spell trouble

Following the Department of Education’s first draft of proposed regulations on financial aid delivery and campus-issued cards, it is clear that there could be major repercussions should all the demands stand. There is one section in particular that will likely...
March 24, 2014 / ,

Card programs await feds' next move

In February 2014, the General Accountability Office released a report on debit and prepaid card programs on college campuses, urging the U.S. Congress and Department of Education to take action. Campus banking relationships have been under fire for two years...
March 24, 2014 /

First draft of regs cuts debit card fees on campus cards

Regulatory action is being proposed in the campus-banking sector, with the U.S. Department of Education releasing its first draft of regulations on campus debit cards that will effectively prohibit certain fees, constrain marketing practices and institute transparency regarding the college-card...
May 15, 2013 /

Regs, uncertainty bring changes to campus bank partnerships

Annual CR80News Campus Card Banking survey results flat, Prepaid leaps as fees fall By Zack Martin, Editor, Avisian Publications The traditional model of banks partnering with colleges and universities to offer an all-in-one campus ID and bank card may be...
April 10, 2013 / ,

Community college adding US Bank

Everett Community College in Washington will rollout a new ID in the fall that will include a debit card from US Bank, according to The Clipper. Students will have the option to use the debit function and have their financial...
November 14, 2012 / ,

Under the microscope: Campus card banking

Following the controversial report from U.S. PIRG, Congress investigates both campus card banking partnerships and financial aid dispersal. Is the future of these products in doubt? Jill Jaracz, Contributing Editor, AVISIAN Publications As campuses have embraced electronic distribution of financial...
October 24, 2012 / ,

NC State goes prepaid for student ID

Campus among first to use U.S. Bank’s new nationwide service When you’re pitching your banking partnership program to a college and you don’t have a brick and mortar facility any closer than one state away from the university, it helps...
August 3, 2012 /

Report: Higher One seeking buyout

Higher One Holdings is seeking a buyer and has contacted private-equity firms, said three people with knowledge of the discussions, according to a Business Week report. Higher One is using Goldman Sachs Group to canvass potential buyers, said the people,...
July 31, 2012 /

Higher One doles out $50,000 in scholarships

Higher One CARES, the community outreach group of Higher One, awarded $2,500 scholarships to 20 college students, winners of the company’s “One Scholarship” competition. The competition invited undergraduate and graduate students to submit an online video describing how they have...
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