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?
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
