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Overview of 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
- 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
Editor's Notes
- All since 2008