LETU to Use HigherOne Debit Cards for Student Loans, Refunds
Easy Refund Card example
LeTourneau University is making refunds from student loans easier for students to access by putting
their refunds onto a debit card instead of issuing refund checks.
LETU is partnering with HigherOne, a nationwide financial services company to provide refund
management and payment services to higher education institutions through this card-based solution.
“We are partnering with HigherOne because they provide faster electronic options for
receiving financial aid disbursements and other refunds, and to give the students more choices,”
says Director of Traditional Student Accounts Sharron Westbrook. “In addition, it allows parents
and others directly to make deposits or transfer funds to their student's account. Higher One also
allows administrators more time to focus on other student initiatives.”
Starting in May 2010, during the first summer semester, students will receive an Easy Refund
Card that gives them immediate access to their OneAccount. The OneAccount is equipped with a budget
calculator, text message alerts and more benefits, including the MasterCard® Zero Liability policy
that protects them from fraudulent purchases made with their cards. Students will have faster
access to money with direct deposit and e-check features with online banking 24 hours a day, 7 days
With HigherOne’s “Send Money” feature, family and friends can send money directly into a
student’s OneAccount faster and more securely than sending money through the mail. Students will
have access to withdraw funds from the HigherOne ATM located on the first floor of the LETU
Memorial Student Center. The Easy Refund Card is a debit card and can be used at all merchants that
accept debit cards, including the LETU Corner Café, the LETU Bookstore, coffee shop, as well as at
local retailers service stations, fast food places and a multitude of other merchants.
For more information about HigherOne, the Easy Reward Card and the OneAccount, go to