Higher One Secures Fourth Consecutive Company Award in 2011

[New Haven, CT – October 19, 2011] - Higher One, a technology and payment services company focused on higher education, today announced it ranked 131 on Deloitte’s Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. This is the fourth company award celebrating growth or corporate culture that Higher One has received in the last three months.

“We’ve built our products and services around the feedback of administrators and students at more than 770 campuses around the country with great success,” said Dean Hatton, CEO of Higher One. “We’re proud of the resultant growth trajectory and high client retention rates that our High Touch Service® model has brought.”

Higher One helps schools at over 770 campuses around the nation become more efficient in processing financial aid and other refunds and payments in order to reduce expense and improve services for students. Higher One climbs nine spots on the list from last year when it ranked #140 as a Technology Fast 500™ award winner in 2010.
“Higher One, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media, and telecommunications leader, Deloitte LLP. “Deloitte recognizes Higher One for its remarkable accomplishment.”
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent. For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit fast500.com.

About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies –both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD.
Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

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 5.5 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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