Higher One Holdings, Inc. Added to S&P SmallCap 600 Index

Higher One Holdings, Inc. (NYSE: ONE) ("Higher One") announced that it was added to the S&P SmallCap 600 Index after the close of trading on December 7, 2011. Higher One will be added to the Information Technology sector in the Data Processing & Outsourced Services sub-industry tab.

“Everybody here at Higher One is excited and honored to be included on this prestigious list of small-cap U.S. companies,” said Mark Volchek, Chairman and Chief Financial Officer. “When we started the company over a decade ago, we were focused on how we could leverage technology to make higher education institutions’ business offices more efficient, and on delivering specially tailored financial services to college students at a great value. We provide services to over 770 campuses, and provide a full-service, FDIC-insured checking account through our bank partner to over two million customers. Being added to the S&P 600 is a testament to the hard work of our employees, and to our customers, whose constructive feedback has helped us get better at providing products and services that best fit their needs. We look forward to continuing to grow with them.”

About Higher One Holdings, Inc.

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 www.ir.higherone.com.

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