Flex dollars are a form of payment used at large institutions, especially

universities A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United State ...

Georgetown University Georgetown University is a private research university in the Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll in 1789 as Georgetown College, the university has grown to comprise eleven undergraduate and graduate ...

James Madison University James Madison University (JMU, Madison, or James Madison) is a public research university in Harrisonburg, Virginia. Founded in 1908 as the State Normal and Industrial School for Women at Harrisonburg, the institution was renamed Madison Coll ...

University of Toronto The University of Toronto (UToronto or U of T) is a public research university in Toronto, Ontario, Canada, located on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution ...

, Saint Mary's University, Queen's University,

University of Waterloo The University of Waterloo (UWaterloo, UW, or Waterloo) is a public research university with a main campus in Waterloo, Ontario, Canada. The main campus is on of land adjacent to "Uptown" Waterloo and Waterloo Park. The university also operates ...

McMaster University McMaster University (McMaster or Mac) is a public research university in Hamilton, Ontario, Canada. The main McMaster campus is on of land near the residential neighbourhoods of Ainslie Wood and Westdale, adjacent to the Royal Botanical Ga ...

University of Western Ontario The University of Western Ontario (UWO), also known as Western University or Western, is a public research university in London, Ontario, Canada. The main campus is located on of land, surrounded by residential neighbourhoods and the Thames R ...

University of Ottawa The University of Ottawa (french: Université d'Ottawa), often referred to as uOttawa or U of O, is a bilingual public research university in Ottawa, Ontario, Canada. The main campus is located on directly to the northeast of Downtown Ottaw ...

University of Utah The University of Utah (U of U, UofU, or simply The U) is a public research university in Salt Lake City, Utah. It is the flagship institution of the Utah System of Higher Education. The university was established in 1850 as the University of De ...

, and

Messiah College Messiah University is a private interdenominational evangelical Christian university in Mechanicsburg, Pennsylvania. History The school was founded as Messiah Bible School and Missionary Training Home in 1909 by the Brethren in Christ Church. ...

are all schools that use this system. Flex dollars are not common tender, but rather

scrip A scrip (or ''chit'' in India) is any substitute for legal tender. It is often a form of credit. Scrips have been created and used for a variety of reasons, including exploitive payment of employees under truck systems; or for use in local co ...

or local currency that can be used to purchase items such as food, snacks, and school supplies. In insurance, flex dollars are used to assign values to an employee's benefits. The employee instead of having a deductible or a certain percentage of coverage is assigned a pool of flex dollars to assign as they are required. The obvious advantage to this is the ability to assign a much larger amount of coverage to one area while not being covered in another world.

External links

Flex Dollar Program
at

Muhlenberg College Muhlenberg College is a private liberal arts college in Allentown, Pennsylvania. Founded in 1848, Muhlenberg College is affiliated with the Evangelical Lutheran Church in America and is named for Henry Muhlenberg, the German patriarch of Luthe ...

{{Means of Exchange Local currencies

See also

External links