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