3. ď˝ General Obligation (GO)
ď˝ Higher Education Asset Preservation
and Replacement (HEAPR)
ď˝ Revenue Fund
Three type of Bonds
4. ď˝ St. Paul College â Parking Ramp
ď˝ Normandale â Student Center & Parking Ramp
ď˝ Century â Parking Improvements
ď˝ Minneapolis Comm & Tech â Student Center
ď˝ Anoka-Ramsey Coon Rapids â Wellness Center
ď˝ MSCTC Moorhead â Wellness Center
Recent Projects
5. ď˝ General Obligation (GO)
⌠Most buildings
⌠MnSCU system and campus split 1/3 cost
ď˝ Higher Education Asset Preservation and
Restoration (HEAPR)
⌠Repair, maintenance
⌠State pays 100%
ď˝ Revenue Fund
⌠Unions, dorms, wellness, parking
⌠Students (users) pay 100%
The Differences in Bonds
6. ď˝ Wants v. Needs
ď˝ Multiple Cost Structures
⌠What is the campus investment?
ď˝ Survey students
ď˝ Understanding of revenues and
expenditures
⌠The fee over time willâŚ
Student Involvement
7. ď˝ Revenue Fund Advisory Committee
ď˝ Sharing best practices
ď˝ Counsel student senates
ď˝ Ask questions of administration/MnSCU
MSCSA Involvement
8. Appoint a student committee member!
ď˝ St. Paul College â Parking Ramp
ď˝ Normandale â Student Center & Parking
Ramp
ď˝ Century â Parking Improvements
ď˝ Minneapolis Comm & Tech â Student Center
ď˝ Anoka-Ramsey Coon Rapids â Wellness
Center
ď˝ MSCTC Moorhead â Wellness Center
Are you on this list?
10. ď˝ A for-profit financial services company
ď˝ Financial aid disbursement and student
payroll
ď˝ Bankď Checking accounts
What is Higher One?
11. ď˝ Student receives card
ď˝ Student registers online and chooses
payment method
ď˝ Payment is disbursed via:
⌠Paper check
⌠Direct deposit
⌠OneAccount
Process:
12. ď˝ About half of the colleges and
universities in MnSCU
ď˝ System-wide contract
ď˝ National leader in disbursement
Who uses Higher One?
13. ď˝ Pros
⌠Cost savings
⌠No waiting
⌠Provides bank account
ď˝ Cons
⌠Profits come from fees
⌠Marketing to students
⌠Practices scrutinized nationally
Pros and Cons:
14. ď˝ Provides service âfreeâ to system and
colleges if enough signed up
ď˝ âUpâ in 2014, with one-time renewals
ď˝ Student input on renewal
ď˝ Negotiate:
⌠ATM placement
⌠âRedâ phones
The Contract
16. ď˝ Mandatory insurance- some
universities, international students
ď˝ Voluntary plan- domestic students
⌠Very low enrollment
⌠Expensive
ď˝ Athletic riders
What Exists Now?
17. ď˝ Requires certain level of coverage
ď˝ Requires all citizens to have coverage
or pay fine
ď˝ Sets up federal and state exchanges
⌠MNSure (www.mnsure.org)
Impact of Affordable Care Act
18. ď˝ Insurance company could stop offering
voluntary plan
ď˝ Students will have to have insurance
ď˝ Students will have access to
exchange, including subsidies and
discounts
What this means
19. ď˝ Continue what we have
ď˝ Drop insurance option for domestic
students
ď˝ Mandate coverage
⌠Hard mandate v. soft mandate
Choices
20. ď˝ All students covered
ď˝ Included in cost of attendance
ď˝ Lower cost plan
Benefits of Mandatory
Coverage
21. ď˝ Adds 25% or more to cost of attendance
ď˝ Duplicative mandate
Cons of mandatory coverage
22. ď˝ MSCSA opposes mandatory health
insurance for students.
ď˝ Will make decision in fall
ď˝ Exchanges up and running in October
Position and Timeline