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Upcoming issues

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Published in: Economy & Finance, Business

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  • All since 2008
  • Transcript

    • 1. Upcoming Issues
    • 2.  Revenue Fund  Higher One  Student Health Insurance  Transfer
    • 3.  General Obligation (GO)  Higher Education Asset Preservation and Replacement (HEAPR)  Revenue Fund Three type of Bonds
    • 4.  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
    • 5.  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
    • 6.  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
    • 7.  Revenue Fund Advisory Committee  Sharing best practices  Counsel student senates  Ask questions of administration/MnSCU MSCSA Involvement
    • 8. 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?
    • 9. Higher One
    • 10.  A for-profit financial services company  Financial aid disbursement and student payroll  Bank Checking accounts What is Higher One?
    • 11.  Student receives card  Student registers online and chooses payment method  Payment is disbursed via: ◦ Paper check ◦ Direct deposit ◦ OneAccount Process:
    • 12.  About half of the colleges and universities in MnSCU  System-wide contract  National leader in disbursement Who uses Higher One?
    • 13.  Pros ◦ Cost savings ◦ No waiting ◦ Provides bank account  Cons ◦ Profits come from fees ◦ Marketing to students ◦ Practices scrutinized nationally Pros and Cons:
    • 14.  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
    • 15. Student Health Insurance
    • 16.  Mandatory insurance- some universities, international students  Voluntary plan- domestic students ◦ Very low enrollment ◦ Expensive  Athletic riders What Exists Now?
    • 17.  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
    • 18.  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
    • 19.  Continue what we have  Drop insurance option for domestic students  Mandate coverage ◦ Hard mandate v. soft mandate Choices
    • 20.  All students covered  Included in cost of attendance  Lower cost plan Benefits of Mandatory Coverage
    • 21.  Adds 25% or more to cost of attendance  Duplicative mandate Cons of mandatory coverage
    • 22.  MSCSA opposes mandatory health insurance for students.  Will make decision in fall  Exchanges up and running in October Position and Timeline

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