Mississippi College Debuts MC Debit Card
November 14, 2008Mississippi College students will soon find a new way to receive school refunds.
The MC Debit Card makes its debut early in the new year thanks to the Christian university's partnership with Higher One, Inc., a financial services company focused on higher education.
Mississippi College is the second institution in the Magnolia State to use the new debit card. Hinds Community College was the first a few months ago. The Connecticut-based Higher One began distributing refunds to nearly 10,000 Hinds students at the start of the Fall 2008 semester in August.
Other institutions using the service around the nation include Texas Tech's Health Sciences Center and Lincoln Land Community College in Illinois. Higher One has clients on at least 185 campuses in 37 states to improve the disbursement of refunds to their students. More than 1.2 million students nationwide are using the Higher One service to receive their money faster and with more refund choices.
Before the new MC Debit Card gets distributed, every MC student will receive an e-mail asking to verify their mailing address. Students should make sure their address is correct since the MC Debit Card will be mailed there.
The MC Debit Card is not a credit card. It will be needed when students go on-line to make a choice about where they want a financial aid refund sent. By using the MC Debit Card, students can receive their refunds sooner.
Higher One was founded in 2000. Reports in mid-July show the company has seen a 20 percent growth in the number of schools served with the debit card since the start of 2008. These signings completed during the previous two months represent more than 140,000 students. Campuses in other Southern states using the service include Louisiana, North Carolina, Georgia and Florida. The company has signed up colleges from New Jersey to California.
One of the increased choices for MC students to get financial aid or school refunds is the "Easy Refund.'' This method is the fastest and easiest way for students to gain access to their refund money - literally the same day Mississippi College releases it.
For additional information, visit www.mcdebitcard.com or higherone.com. The MC Debit Card is expected to come to the Clinton campus in January.