Upcoming Issues

Revenue Fund Higher One Student Health Insurance Transfer

General Obligation (GO) Higher Education Asset Preservation

and Replacement (HEAPR) Revenue Fund

Three type of Bonds

St. Paul College – Parking Ramp Normandale – Student Center & Parking Ramp Century – Parking Improvements Minneapolis Comm & Tech – Student Center Anoka-Ramsey Coon Rapids – Wellness Center MSCTC Moorhead – Wellness Center

Recent Projects

General Obligation (GO)◦ Most buildings◦ MnSCU system and campus split 1/3 cost

Higher Education Asset Preservation and Restoration (HEAPR)◦ Repair, maintenance◦ State pays 100%

Revenue Fund◦ Unions, dorms, wellness, parking◦ Students (users) pay 100%

The Differences in Bonds

Wants v. Needs Multiple Cost Structures

◦ What is the campus investment? Survey students Understanding of revenues and

expenditures◦ The fee over time will…

Student Involvement

Revenue Fund Advisory Committee Sharing best practices Counsel student senates Ask questions of

administration/MnSCU

MSCSA Involvement

Appoint a student committee member! St. Paul College – Parking Ramp Normandale – Student Center & Parking

Ramp Century – Parking Improvements Minneapolis Comm & Tech – Student

Center Anoka-Ramsey Coon Rapids – Wellness

Center MSCTC Moorhead – Wellness Center

Are you on this list?

Higher One

A for-profit financial services company

Financial aid disbursement and student payroll

Bank Checking accounts

What is Higher One?

Student receives card Student registers online and chooses

payment method Payment is disbursed via:

◦ Paper check◦ Direct deposit◦ OneAccount

Process:

About half of the colleges and universities in MnSCU

System-wide contract

National leader in disbursement

Who uses Higher One?

Pros◦ Cost savings◦ No waiting◦ Provides bank account

Cons◦ Profits come from fees◦ Marketing to students◦ Practices scrutinized nationally

Pros and Cons:

Provides service “free” to system and colleges if enough signed up

“Up” in 2014, with one-time renewals Student input on renewal Negotiate:

◦ ATM placement◦ “Red” phones

The Contract

Student Health Insurance

Mandatory insurance- some universities, international students

Voluntary plan- domestic students◦ Very low enrollment◦ Expensive

Athletic riders

What Exists Now?

Requires certain level of coverage Requires all citizens to have coverage

or pay fine Sets up federal and state exchanges

◦ MNSure (www.mnsure.org)

Impact of Affordable Care Act

Insurance company could stop offering voluntary plan

Students will have to have insurance Students will have access to

exchange, including subsidies and discounts

What this means

Continue what we have Drop insurance option for domestic

students Mandate coverage

◦ Hard mandate v. soft mandate

Choices

All students covered Included in cost of attendance Lower cost plan

Benefits of Mandatory Coverage

Adds 25% or more to cost of attendance

Duplicative mandate

Cons of mandatory coverage

MSCSA opposes mandatory health insurance for students.

Will make decision in fall Exchanges up and running in October

Position and Timeline