You have /5 articles left.
Sign up for a free account or log in.

Sign Up, It’s FREE

Campus debit card company Higher One will pay $11 million in restitution to students in a settlement with the Federal Deposit Insurance Corp. over its fees, the FDIC announced Wednesday. The campus banking company, which specializes in providing debit cards for financial aid refunds to students, will also change the way it charges fees. The FDIC said Higher One violated federal law in several of its overdraft fee practices. About 60,000 students paid the fines between 2008 and 2011.

Next Story

A sign with the Education Department's address stands next to the building
Government Student Aid Policy
Another ‘Breakdown’ in Federal Student Aid?

Financial aid officers report widespread problems with the federal student aid system after Education Department layo

Written By

Libby A. Nelson

Share This Article

More from Quick Takes

Kermit the puppet smiles at a bronze likeness of himself and Jim Henson at the University of Maryland, College Park, campus
Quick Takes
A Hoppy Commencement
A light-skinned man with white hair wearing the vestments of the pope.
Quick Takes
From Villanova to the Vatican—Pope Leo XIV
People walk through a gate as they exit Harvard Yard on the campus of Harvard University.
Quick Takes
McMahon: No New Grants for Harvard