Higher One Recognizes Florida State University Student for Peer-to-Peer Money Management Video

NEW HAVEN, Conn.--(BUSINESS WIRE)--

Higher One, a leading provider of financial services and data analytics to more than 1,900 colleges and universities across the U.S., has selected Florida State University student Nick Levy as the grand prize winner of its Money on My Mind contest. To enter, students were asked to submit a two-minute video that addressed questions about money management-related challenges, strategies and recommendations to fellow students.

In his video, Levy highlights the budgeting struggles one faces as a college student with “tuition and textbooks” to pay for, as well as the key role having a bank account plays in managing money. “Know all the features your bank account has to offer and take advantage of them—it can come in handy,” said Levy. His winning video can be viewed here.

“Our Money on My Mind contest encourages students to share personal experiences and advice in a peer-to-peer format, which is a very helpful and engaging way to share financial knowledge,” said Mary Johnson, Financial Literacy and Student Aid Policy Director at Higher One. “This year we received nearly 450 contest entries—and Nick's submission humorously conveyed the importance of establishing a bank account as a college student and how it can positively affect money management.”

Further, Levy noted that it's important for students to become financially literate while in college in order to succeed later on.

“It's important for college students to learn about financial literacy because they are going to have to start dealing with it all soon, if they are not already,” said Levy. “It's easy to mismanage finances, but incredibly expensive if you do—hopefully everyone can learn [money management skills] in college.”

About Higher One

Higher One ONE partners with colleges and universities to lower their administrative costs and to improve graduation rates. We provide a broad array of payment, refund disbursement and data analytics and management tools to institutions that help them save money and enhance institutional effectiveness. And for students, we offer financial literacy programs and convenient, flexible and affordable transaction options to help them manage their finances. Higher One's products and services support more than 1,900 schools and approximately 13 million enrolled students. More information about Higher One can be found at www.higherone.com.