Two major designs have recently evolved for state involvement in college savings plans. The first concept, the tuition prepayment plan, was pioneered by the state of Michigan by passage of legislation in December 1986. The second concept, college savings bonds, was created and enacted the following year in Illinois. When questions arose about the…

This report examines the facilitation of financing higher education in Hawaii. The report covers financial aid programs available to Hawaii college students, as well as prepaid and guaranteed tuition programs and college savings programs. Following an introductory chapter, Chapter 2 focuses on threshold questions such as state constitutional…

This book provides a group of articles concerning the equity and efficiency of prepaid college tuition plans. Chapters: (1) introduce the subject; (2) examine the competing financial theories at play in this field; (3) present a study of the Michigan Education Trust's decision to expand its subscriber base by offering a monthly payment option; (4)…

This case study, part of the State Structures for the Governance of Higher Education study, focuses on governance and related issues in Michigan's higher education system. The study's overall purpose was to examine differences among states in their governance structures, and to determine if differences in performance were related to governing…

This case study, part of the State Structures for the Governance of Higher Education study, focuses on governance and related issues in Texas's higher education system. The study's overall purpose was to examine differences among states in their governance structures, and to determine if differences in performance were related to governing…