1. "Q & A, Guarantee Tomorrow's College Tuition at Today's Prices," Michigan Education Trust (promotional literature).

  2. "Ways & Means," The Chronicle of Higher Education, October 18, 1989.

  3. "Researchers Criticize Value Of MET As Enrollment Opens," Gongwer News Service, October 2, 1989.

  4. MET promotional literature.

  5. "Alternatives may beat MET as best college bet," The Detroit News, September 24, 1989.

  6. "New Deal," The New Republic, May 1, 1989.

  7. MET promotional literature.

  8. The 1989 Survey of College Savings and Guaranteed Tuition Programs, Education Commission of the States, Aims C. McGuinness, Jr., and Christine Paulson, Denver, November 1989.

  9. Ibid.

  10. Interim Report, National Survey of College Savings and Guaranteed Tuition Programs, Education Commission of the States, Denver, April 12, 1989.

  11. Ibid.

  12. Interview, Henry Hector, State of Indiana.

  13. Interim Report.

  14. 1989 Survey.

  15. Ibid.

  16. Ibid.

  17. Ibid.

  18. For Mr. Bowman's argument about security and simplicity, see "MET Offers Guarantee, Not Highest Return," Detroit Free Press, October 17, 1988.

  19. WJR Radio, AM-760, January 11, 1990.

  20. "MET Plan Favors MSU, U-M?" Detroit News, October 3, 1989.

  21. MET promotional literature.

  22. WJR-Radio, AM-760, January 11, 1990.

  23. MET promotional literature.

  24. "Midland Group Raps Tuition Plan," Saginaw News, Nov. 2, 1989.

  25. Michigan Department of Management and Budget.

  26. "State Tuition Plan To Rise 13%," Detroit Free Press, Nov. 2, 1989.

  27. Ibid., Department of Management and Budget.

  28. Ibid.

  29. Michigan Department of Treasury.

  30. PA 316 of 1986.

  31. "Readers Are Glad They Invested In MET," Barry B. and L. Joanne George, Midland Daily News, Oct. 4, 1989.

  32. Information on the Florida plan is based on Associated Press reports provided by the Illinois State Scholarship Commission.

  33. "Tuition Plan Scores High With First Class," Detroit Free Press, Oct. 8, 1989, and State Department of Treasury. Other schools with students enrolled under MET are Oakland Community College (4) ; Delta College (3) ; Eastern Michigan, Wayne State, Ferris State and Macomb Community College (2); and Michigan Tech, Central Michigan, Oakland University, Lake Superior State, Grand Rapids Junior College, Washtenaw Community College, Henry Ford Community College, Lansing Community College, Kalamazoo Valley Community College and Grand Valley State (1).

  34. Ibid.

  35. U.S. Census Bureau.

  36. Michigan Department of Treasury.

  37. See Gordon Tullock, Economics Of Income Distribution, (Boston: Kluwer Academic Publishers, 1983) and Welfare For The Well-To-Do, (Dallas: Fisher Institute, 1983). Also see Charles Murray, Losing Ground, (New York: Basic Books, 1984) for a general indictment of the efficacy of social programs to help the least advantaged in society.

  38. See James Buchanan, Robert Tollison and Gordon Tullock, ed., Towards A Theory of The Rent-Seeking Society, (College Station: Texas A & M University Press, 1980) for a collection of the leading academic papers in this area. Also see Tollison, "Rent-Seeking: A Survey," Kyklos, 35, #4 (1982). On aspects of rent-seeking within universities see Geoffrey Brennan and Tollison, "Rent Seeking And Academia," in Buchanan, Tollison and Tullock, ed., Towards A Theory Of The Rent-Seeking Society, (Ann Arbor: U of M Press, 1984). Also see the work on the incentive system of the modern university found in Armen Alchian, "Private Property and the Relative Cost of Tenure," and "The Economic and Social Impact of Free Tuition," in Economic Forces At Work: Selected Works by Armen A. Alchian, (Indianapolis: Liberty Press, 1977), and Henry Manne, "The Political Economy of Modern Universities," in Ann Husted Burleigh, ed., Education In A Free Society, (Indianapolis: Liberty Press, 1973).

  39. "New Ways To Save For College," Parents Magazine, February 1990.