MIDWESTERN HIGHER EDUCATION COMPACT

Programs: Operations:the compact seeks to fulfill its interstate mission through programs that reduce administrative costs, encourage student access and education affordability, facilitate public policy analysis and information exchange, facilitate regional academic cooperation and encourage quality educational programs and services in higher education.

policy and research:the compact's 9th annual policy summit, "rise of the moocs: foreshadowing the coming transformation of higher education? " focused on how colleges, universities, and legislatures might prepare for potential changes brought by moocs (massive online open courses) and open educational resources on faculty/teaching, students/learning, institutions/credentialing, and systems/planning. Major programmatic initiatives in the policy arena in fy14 included the state authorization reciprocity agreement, a voluntary initiative among states related to approval of institutions to deliver distance education courses and programs to individuals living in other states; and an effort called the "higher ed redesign initiative," in which principles and practices from the design fields and related creative industries are applied to the redesign of higher education models, processes, and practices.

cost savings:the compact's cost savings program has saved the member states:- hardware: $20,585,500- software: $ 1,733,400- services: $ 114,400- master property: $ 10,093,300the compact has developed several cost savings initiatives designed to help colleges and universities in the midwest (and in many cases new england,the south and the west) save money and obtain value added benefits. In the area of health care, the compact established a student health collaborative which offers colleges and universities affordable and accessible ppaca compliant health insurance for their students. In the area of risk management, the compact has a property insurance program that provides comprehensive property insurance coverage for higher education institutions at reduced premium rates. The compact also has created numerous technology related contracts that leverage the potential volume of the institutions in its member states to offer reduced costs on technology related purchases. In some cases, the compact's cost savings initiatives may be utilized by city, county and state government as well as nonprofit organizations.

midwest student exchange program- 7,022 students enrolled in the midwest student exchange program in 9 of the compact states (illinois, indiana, kansas, michigan, minnesota, missouri, nebraska, north dakota, and wisconsin) during the 2013-14 academic year. - msep students saved over $38. 3 million in the 2013-14 academic year, bringing the total program savings to $229 million since 1994. - on average, students in msep saved $5,467 during the 2013-14 academic year.