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  • University of Oregon uses the OneCard system to pay out financial aid. There have been several articles in the local paper talking about the fees the students are charged.
  • So does UW-Parkside, my alma mater. Never got any fees because I used the on-campus ATM to withdraw $500 at a time until it was empty, then put it in my bank. Biggest problem I ever had with it was a Coach Lines bus driver thinking it wasn't a student ID (even after I pointed out the three different places on the card it showed it was) and refusing to give me the student discount.
  • ArkAngel: I used the on-campus ATM to withdraw $500 at a time until it was empty, then put it in my bank.


    That sounds like the plan I thought of.
  • Hey sweetie, if you don't like the strings that come with your free money, feel free to give it back at any time.
  • TFA: "Higher One encourages students to choose the "credit" option when making purchases on the card (it's accepted as a MasterCard), as that method doesn't incur transaction fees."

    That's bullshait. Many retailers are moving away from credit and offering debit only as it incurs less fees for them. For example, my local gas station only accepts debit on debit/credit cards. It will take a reg. credit card, but will prompt for a PIN if the card is also debit with no customer choice.
  • Lucky. My financial aid department still hasn't processed my paperwork. It has all been received (and has been since august), but still not reviewed. We're past mid-terms, for the love of christ. I just know there are going to be issues where they're not going to want to pay out for the fall and only for the spring because the fall is over.
  • Just goes to prove how much a joke higher ed is becoming in this country. It's all about bottom lines these days. I'm sure the University is getting some excellent kickbacks for shoving these cards down their students throats.
  • "We've replaced these students' normal student aid with a private-sector based solution. Let's see if they notice."
  • Remember when bank accounts were free and you got interest on your deposits?
  • My local community college uses Higher One as well. I let them deposit the money into that account then immediately start fund transfer processes on my USAA account to suck it all out. USAA makes up to like 600 bux immediately available and the rest clears in like 4 business days. I've never once used the damned card from Higher One.
  • The Great Screwing continues...
  • aaronx: "We've replaced these students' normal student aid with a private-sector based solution. Let's see if they notice."


    Well getting a check and depositing it in your bank like before would be a form of private sector based solution.

    So cue the not sure if serious photo???
  • nmemkha: TFA: "Higher One encourages students to choose the "credit" option when making purchases on the card (it's accepted as a MasterCard), as that method doesn't incur transaction fees."

    That's bullshait. Many retailers are moving away from credit and offering debit only as it incurs less fees for them. For example, my local gas station only accepts debit on debit/credit cards. It will take a reg. credit card, but will prompt for a PIN if the card is also debit with no customer choice.


    and you can't hit cancel to have it take it as a credit card? I've seen systems that default ask for your pin, but hitting cancel will run it as credit. You should try it. I bet you were either lied to or the clerk was an idiot.
  • $3.00 a transaction on my gf s card. I will tell her ArkAngel's method:)
  • I'm glad the university I attend hasn't fallen for that crap yet.
    I just went to the financial aid tab, entered my info on the direct deposit link, and the money was there a couple of days before the paper check disbursement date.

    I can't see how going with an outfit like Higher One would save a university much money...they still have to process all of the paperwork for ED, get the money, disburse it to student accounts, and the on to Higher One. Where is the savings in doing that versus disbursing it to individual bank accounts that are already in the system?

    /Nobody I know on financial aid actually goes with the 'pick up a check at the cashier's office' option, so I may be missing something.
  • wraith95: nmemkha: TFA: "Higher One encourages students to choose the "credit" option when making purchases on the card (it's accepted as a MasterCard), as that method doesn't incur transaction fees."

    That's bullshait. Many retailers are moving away from credit and offering debit only as it incurs less fees for them. For example, my local gas station only accepts debit on debit/credit cards. It will take a reg. credit card, but will prompt for a PIN if the card is also debit with no customer choice.

    and you can't hit cancel to have it take it as a credit card? I've seen systems that default ask for your pin, but hitting cancel will run it as credit. You should try it. I bet you were either lied to or the clerk was an idiot.


    I was talking at the pump payment. This is America; its a hassle pulling out the Rascal to get my heaving bulk the 50ft. needed to pay at the clerk.
  • jclaggett: My local community college uses Higher One as well. I let them deposit the money into that account then immediately start fund transfer processes on my USAA account to suck it all out. USAA makes up to like 600 bux immediately available and the rest clears in like 4 business days. I've never once used the damned card from Higher One.


    USAA is arguably the best financial/insurance institution in this country. I use them for everything.
  • Anyone got the impression subby never went to college, and is crazy jealous of those who did?
  • Ooba Tooba: $3.00 a transaction on my gf s card. I will tell her ArkAngel's method:)


    Holy fark that ridiculous! Maybe $3 a MONTH is okay but jesus $3 per transaction is insane. Luckily my university hasn't picked up on the whole debit card craze, I get my loans back through regular direct deposit. No waiting and no fees. Its so much easier that way.
  • shintochick: USAA is arguably the best financial/insurance institution in this country. I use them for everything.


    I can't say enough good things about USAA either.

    My secondary accounts are with Navy Federal Credit Union. I honestly feel a bit bad for Navy Fed. They are a great CU, and they have provided me with great service, but their competition is USAA.
  • 1) If your complaint is related to how you receive your financial aid, you are in no way, shape or form, in the 'real' world.
    2) If you can't figure out on your own how to avoid bank and transaction fees, maybe higher education isn't for you?
  • Ahh, progress,,,
    Now "free" means "grab your ass, there's a rapin' in progress".
  • 1. Get this Link

    2. Use your financial aid debit card to move all the funds for a one time $3.50 fee

    3. Profit
  • nmemkha: wraith95: nmemkha: TFA: "Higher One encourages students to choose the "credit" option when making purchases on the card (it's accepted as a MasterCard), as that method doesn't incur transaction fees."

    That's bullshait. Many retailers are moving away from credit and offering debit only as it incurs less fees for them. For example, my local gas station only accepts debit on debit/credit cards. It will take a reg. credit card, but will prompt for a PIN if the card is also debit with no customer choice.

    and you can't hit cancel to have it take it as a credit card? I've seen systems that default ask for your pin, but hitting cancel will run it as credit. You should try it. I bet you were either lied to or the clerk was an idiot.

    I was talking at the pump payment. This is America; its a hassle pulling out the Rascal to get my heaving bulk the 50ft. needed to pay at the clerk.


    I switched gas stations over exactly this bullshiat. Fark Circle K, hello Valero.
  • Yogimus: Hey sweetie, if you don't like the strings that come with your free money, feel free to give it back at any time.


    I'll bite. It's BS because it's the bank getting this money, not the school and not the government.


    Pre-loaded cards of any kind are total bullshiat: payroll cards, financial aid cards, the ones you purchase yourself: all crap. Why would you let SOMEONE ELSE put YOUR money into THEIR account and harvest fees and interest off of it while you pay for the privilege and get nothing at all in return?


    I mean, my checking account interest is hilariously tiny, just like anyone else's, but all the money in there is mine and accessible at any time, for free. Financial aid is direct deposited. As far as i know, most schools have this option and just end up pushing for cards because it's convenient for them, because the banks make it easy. (and probably pay a consideration.)
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