Postsecondary education in the state of Michigan in 1987 is profiled, including information on the 15 public four-year colleges and universities, 29 public community and junior colleges, and 54 independent non-public two- and four-year colleges and universities. There are more than 300 private vocational schools licensed by the State Board of Education. Michigan's governance and bureau of postsecondary education are explained. Statistical information on students in Michigan includes college enrollment, fall enrollment history by type of college, high school graduate history, top quarter graduates with no postsecondary plans, minority representation, minority enrollment, part-time enrollment, enrollment history by gender, graduate students, professional students, program enrollment, and course area enrollment. Statistics on outcomes show various degrees conferred in different types of colleges and programs by gender and race. Financial assistance is broken down by undergraduates, applicants, type of need-based financial assistance, need- and non-need based, minority needs, and resources. Faculty statistics include data by gender, college type, numbers, salaries, area, unionization, and tenure. The section on finance considers the state budget for postsecondary education 1987-88, revenue sources for 1985-86, expenditures for 1985-86, general fund revenue, state aid history, tuition history, current fund expenditure, and trends in local support. Maps and graphs are included. (SM)