Higher One will disburse student refunds UND has entered into a contract for services with Higher One for the disbursement of student refunds (excess financial aid and other refunds) and implementation of the UND Pride Card. The contract was reviewed and approved by UND General Counsel to ensure compliance with all applicable laws and regulations, including FERPA. Here’s how it works: Students start by simply activating their cards and identifying a preference for receiving refunds from the University — either direct deposit to their personal bank/savings account, or direct deposit to an account with Higher One. If the student opts for the account with Higher One, their UND Pride Card also serves as a debit MasterCard®. For information regarding features associated with the Higher One account, visit www.UNDPRIDECARD.com ( about:www.UNDPRIDECARD.com ). The UND Pride Card is not a credit card and Higher One is not a credit card company. Therefore, activating the card will have no impact on a student’s credit score or credit report. Once activated the UND Pride Card may be used as a debit card if the student has funds on deposit in their Higher One account. However, students will still want to closely track their spending to not overdraw the account with transactions that exceed their available balance.