The document discusses several upcoming issues for MnSCU including revenue bonds, student health insurance, and involvement in capital projects. It provides details on the types of bonds used (GO, HEAPR, revenue) to fund recent projects at several colleges. It also explains the process for financial aid disbursement through Higher One, including pros and cons of the company. Finally, it outlines the impact of the Affordable Care Act on student health insurance and the choices MnSCU faces in its approach.

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