The master plan represents a comprehensive effort to plan for the future of higher education in the state. It presents the philosophy of the board of regents, and is intended as a guide for the governor, legislature, institutions, management boards, and the board of regents in making decisions. Four general concepts are reflected: (1) the board's concern for educational quality; (2) recognition of the need for diversity; (3) dedication to maintaining access to higher education; and (4) the most efficient use of resources. Described in detail are: the planning process, goals and assumptions, the state's higher education history, population, student characteristics, enrollment, coordination and governance in the state, institutional missions, academic programs, access and choice, faculty, libraries, financing, physical facilities, and the future agenda. (MSE)