After you have registered for a class at Saint Paul College, you will receive a Saint Paul College Card in the mail. Do not throw the card away.
You will need it to select a financial aid or student payroll disbursement option.
Your disbursement options
Once you receive the card, you have three options to select how you wish to receive your financial aid or student payroll disbursement. Your selection is called your "refund preference" – keep in mind that you must choose one.
Carefully read through all of the information for each option and make the selection that is best for you.
- Transfer to your existing bank account
You may request to electronically deposit your financial aid disbursement or your student payroll to your existing bank account. Visit Saint Paul College Card when you receive the card to activate your account and select to have your financial aid or student payroll disbursement transferred.
If you choose this option, your refund will be deposited in your bank account after Saint Paul College sends the funds to HigherOne.
There is no charge for receiving your refund this way. You will have to complete, print and mail an Automated Clearinghouse Transfer (ACH) form.
The OneAccount is a checking account that you open with HigherOne and linked to your Saint Paul College Card. If you select the OneAccount, you will be able to use your Saint Paul College Card to make purchases anywhere that MasterCard is accepted and to get cash out of Higher One ATM machines. Visit Saint Paul College Card when you receive the card to activate your account and select the OneAccount.
If you choose this option, your disbursement is available the following business day after Saint Paul College sends the funds to HigherOne. Financial aid disbursements are usually available the third week of each semester for students that have an active award and are in good academic standing.
There may be fees associate with the OneAccount, including PIN based transaction fees. To avoid a debit fee, use the "swipe and sign" method when making purchases: swipe your card, select the "credit" option and sign your receipt.
Please review the HigherOne Fee Schedules to learn more about potential fees associated with the OneAccount and its services.
With the OneAccount you also have the option of various mobile banking features.
You are not required to select the OneAccount to receive your financial aid refund. You only have to open the OneAccount if you wish to have your refund on your Saint Paul College Card
- Paper check
You may request to have your financial aid refund disbursement issued in a paper check. Visit Saint Paul College Card when you receive the card to activate your account and select to have your refund disbursement issued as a paper check.
Checks are mailed to your address on file at Saint Paul College after Saint Paul College sends the funds to HigherOne. It is important that you update any changes to your address to avoid delays in receiving your check.
There is no charge for receiving your disbursement or student payroll this way, although it will take longer for the check to arrive at your address.