This report proposes a strategy of putting networked computing devices into the hands of all students at institutions of higher education. It outlines the rationale for such a strategy, the options for financing, the required institutional support structure needed, and various implementation approaches. The report concludes that the resultant optimal environment is a laptop computer for every student with sufficient network access points, on and off campus. The rationale for this environment looks at changes in models of education, the need for improved communication, rapid technology change, and the changing nature of students. Financing options suggested include redirection of existing funds and generating new income through student fees, bonding, faculty work reengineering, and product sales. Challenges and prerequisites to a universal student-access policy are addressed including changing the existing teaching/learning culture, involving faculty and students, and integrating technology with curricular change. Principles derived from institutions already implementing such a policy are identified noting different phasing schedules and various models such as straight purchase of computers by students, department-oriented requirements, and single vendor/machine sourcing. Needed infrastructure changes are also outlined, and policy issues concerning such issues as theft, insurance, replacement, repair, and part-time students are addressed. (Contains 15 references.) (NAV)