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Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
Overview of Upcoming Issues
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Overview of Upcoming Issues

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Jessica Medearis

Jessica Medearis

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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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