ed to reco . r 1 e
•
,
colleges.
One effect of e program is
to e public .. col-
lege equally affordable to MET
mem r . Participan could t-
tend the e'
or 1 expe
the ame cost.
Ho ver, this . at drive
tudent to rd high-cost
univer Co e . d.
Community coll ges are be- .
Co' • . uti of choice,"
he 'd.
People 0 feel that four-
year colleges nece sarily
provide better education are
mist en, Co . d.
"The rgument could be
de that early ondergr ds get
better orientatio t a com-
munity college beca of the
emp .' on te ching, ereas
the emphasis of professor at
four-year univer ities is on re­
search," Cole . d.
Cole contended tbat the
MET could even increase com­
munity college enrollment
"Standards will increase at
four-year universities due to the
MET and more people will go to
community college becaue
four-ye r colleges will be at
cap city," he ins' ed.
Cole dded th t tuition is
only a part of the expense of a
four-ye r college. Room and
bo d IS also a factor.
The program is cheduled to
tart ometime in I te Mayor
early June.
It is expected to co t S5,000 to
$7,000 for a newborn b by and
slightly more (or an older child
because money in ed has less
time to grow.
Refunds e available if the
child cannot or does not wish to
ttend college,
Applic tion will be ac­
cepted for a fi e-day period and
any number of application
from 100 to 10,000 will be ac­
cepted, aid State Treasurer
Robert Bowman.
The purpo of the progam is
to free p ents from the orry of
their child's tutition, Bowman
·d.
e program cts an in-
ur ce program (or parent ,"
be id. "Tuition inflation is im-
po . ible to project. (With the
MET) Your child ill go to
001 0 m tter the cost of tuti­
tiori."
a d loan iat' 0
may help finance ETs for
pena ouuns on
research d d velopment," he
. d. "It may be orth it to pend
a fe million on our tate's fu­
ture."
"Even if corpor tions don't
do it for the t te, they can at
Ie do it (or their emplo est
children, " Bowman . d.
The program approved
by th Legis! ture in 1986 but
held up by the Internal
Revenue Service until tion
questions re settled.