A long-range financial planning model was developed by the staff of the Minnesota Higher Education Coordinating Board to explore the issues and problems facing the financing of Minnesota postsecondary education. The model was designed to determine the extent to which alternative general financing policies and specific funding formulas affect system and state level expenditures and financing patterns. The model helps assess the general financial impact of projected enrollment trends under current policy guidelines while also simulating alternative sets of financing guidelines and estimating their effects on overall expenditures and financing patterns. It helps to assess the specific financial impact of alternative policies at different enrollment margins and assists in identifying and/or confirming which policies are in need of more specific and detailed analysis. It also helps in the educative component of policy deliberations by illuminating quantitative relationships among volume, expenditures, and sources of revenue in postsecondary education. A graph of projected full-time equivalent enrollment for 1977-2000 and a schematic of expenditures and staffing are appended. (SW)