My student loans and scholarships are deposited on my university-issued Higher One card. Each year when I get my student loans/scholarships, I am charged 3.5 percent to access my own money in order to pay my property taxes. Higher One calls this a cash advance, but it is not creditit is my own loan ...
I've a unfortunate member of Higher One, forced to take the account by the North Carolina college system. My current experience after 3 days of having the account is a $2.50 fee which is not listed on their schedule and a 50 cent fee for a online credit transaction. To snare more people the company ...
Higher One sends students cards to access their financial aid. Claims you don't have to use the card but you must activate the card in order to just choose to continue receiving a paper check. Colleges are signing up with Bancorp Bank but is actually Higher One, to disburse the students own money ...
It's amazing to me that this set up is even legal. I ended up dealing with Higher One only due to being a college student, as now, rather than simply receiving a mailed check from Fed Student Loan services via the college, the college has set up a program whereby students must agree to and activate ...