Dreamed up by Yale University students in a college apartment, a company called Higher One has spent the last decade gaining a unique foothold in academe. Despite some student complaints about its fees, Higher One is now the go-to distributor of financial aid reimbursements for many institutions across the country. But the company has not earned its market share without raising questions. Higher One’s exclusive contracts and enviable marketing privileges disturb some financial aid experts, who say colleges may be steering students toward a bank that may not offer them the best deal.
Article Source: Inside Higher Ed