Dept of Education Cash Management Reporting

This information is being provided under Department of Education Cash Management rule 668.164 for Tier Two Agreements.

MSUFCU Contract with MSU

Reporting Information for the Award Year listed:

1. Mean student costs in the Award Year ending June 30, 2023: $5.66
2. Median student costs in the Award Year ending June 30, 2023: $1.00
3. Number of students who had financial accounts which originated under the contract during the Award Year ending June 30, 2023: 1,835
4. Total consideration paid to the institution in the period July 1, 2022 through June 30, 2023 (excluding payments for credit card licensing, ATM placement, and branch rent): $1,000,000
5. Total non-monetary consideration received by the institution for the award year 2022-2023 was none