Trippel said students due a financial aid refund will have three general options, including:
- Open a no-fee account through Higher One and have the money go directly to the account.
- Have the money deposited directly into another account of the student’s choice.
- Have a check mailed.
The quickest access to funds will be through the Higher One account represented by the My Shoreline Card, a Debit MasterCard attached to a no-fee, checking account at Higher One.
“The first day of summer quarter is June 25, and summer quarter refunds will be available at the beginning of the new fiscal year on July 2,” Trippel said. “Students who have received both their financial aid award notification letter and their My Shoreline Card option will have access to their money on July 2, if they choose to have the funds deposited to the Higher One account.” While the card can be used at any automated teller machine (ATM), Higher One has installed a no-fee ATM in the school’s library for ease of access to account information and funds.
Students are beginning to receive their My Shoreline Cards in the mail now. Some students who still have refunds due to them from spring quarter aid may start to experience the Higher One system even before summer quarter, if they already have a My Shoreline Card.
The basic Higher One account includes features such as online bill paying, no minimum balance required, check writing, electronic statements, the MasterCard Zero Liability Policy coverage for credit transactions and no-fee incoming wire transfer from domestic and international sources.
