The present status and future projections for graduate education at the doctoral level are examined and recommendations for regionalization are presented in this speech. Among the topics discussed are the Ph.D. labor supply and demand, federal graduate programs, state response, and cost studies. Although the number of Ph.D.'s awarded annually has stabilized over the last five years, colleges and universities have been reluctant to prepare themselves for this and for projected declines in student enrollments. It is suggested that many programs may soon become victims of retrenchment if counter measures are not instituted. Decreases in federally funded graduate programs are also contributing to financial difficulties. A regional approach (incorporating several states) to consolidate graduate education is recommended to make the programs more realistic in light of labor demands and more cost effective. The development of a national evaluation method for graduate programs, regional manpower studies, marketing research and an examination of Master's and external degree programs with a regional focus is urged. (BH)