DMC renewed contract with company that had been fined for misusing students’ funds, now looks to change firms In 2007, Del Mar College followed a growing trend across the country and signed a contract with Higher One, a refund management disbursement service. Del Mar renewed the contract in 2014 even though the company had been fined by the FDIC for deceptive practices. Every student who receives any type of tuition reimbursement at Del Mar must go through BankMobile, formerly Higher One. Even if the student opts out of setting up an account with the company, direct deposit and paper checks…