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This study is based primarily on financial data from colleges and universities in Virginia for the two academic years 1986-1987 and 1987-1988. The database stems from detailed data submitted by virtually all colleges and universities to the federal and state governments and reported in the Integrated Postsecondary Education Data survey (IPEDS). The data were accessed by Professor Jones from the State Council of Higher Education using the Bitnet computer program.

The aim of the study is to gain an understanding of the matrix of financial, economic and academic factors which determine the nature of a college or university; and to interpret these factors as they relate to decisions facing faculty, administrators, government officials, students and families and other interested parties. Attention to these matters in the media today would suggest that this subject is hardly an irrelevant one.

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