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Industry Briefs

University Business, April 2012

Washington and Lee University (Va.) and Unimarket, an eProcurement and eSourcing solutions provider, have signed an agreement to implement the complete Unimarket solution from eSourcing through eProcurement and eInvoicing.

Higher One, a technology and payment services company focused on higher education, said that as of Q4 2011, it added more than 25 new OneDisburse Refund Management funds disbursement clients, and clients who will be using various modules of the CASHNet suite of payment services. Higher One now serves more than 800 college and university campuses across the United States.

Sallie Mae has revised the $50 loan forbearance fee it imposed, after more than 78,000 people petitioned the company. The fee was $50 per loan for a maximum of $150 per three-month reprieve on payments.

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