Higher One Founders Named as Finalists in Ernst & Young National Entrepreneur Of The Year® 2011 Services Award

Higher One, a technology and payment services company focused on higher education, announces that Co-Founders Mark Volchek and Miles Lasater were named as Finalists in the 2011 Ernst & Young National Entrepreneur Of The Year Award in the Services category. Celebrating its 25th anniversary, Ernst & Young’s Entrepreneur Of The Year is the country’s most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

Volchek, Chairman and CFO and Lasater, Chief Operations Officer, founded Higher One in 2000 and are both in the Ernst & Young Entrepreneur Hall of Fame after being named Ernst & Young Entrepreneur Of The Year for New England in 2010.

“Being named as a national finalist for the Entrepreneur Of The Year Award is especially rewarding as it is the culmination of several consecutive company honors this year that celebrate not just our growth but our corporate culture and firm emphasis on service,” said Mark Volchek. “We attribute much of this success with staying on track with one focus: higher education. We’re committed to continuing on our path of helping schools become more efficient and to providing relevant and affordable financial services for students.”

Founded in 2000 on a college campus, Higher One is a technology and payment services company solely focused on higher education. Today, Higher One remains committed to helping business offices eliminate unnecessary costs while providing all students with the choice of easier access to refunds, innovative banking services, and the basics of financial management.

About Ernst & Young's Entrepreneur Of The Year

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in 50 countries.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

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 5.8 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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