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Jessica Medearis
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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