An exploratory investigation was conducted of a college of education's major costs in providing the "education major" alternative to obtaining teacher certification. Basic procedures consisted of identifying appropriate cost categories and gathering the required cost information. Major effects data from previous studies were reviewed and summarized, and the relationships between program costs and program effects were investigated. The investigation linked "program effects" with cost data for alternate programs in secondary school teacher education. Results from the inquiry can be applied as base-line indicators of cost/effect units when future program revisions are being considered. In particular, the outcomes of the inquiry, i.e., a 10 percent increase in learner cognitive attainment costs an additional $73 a semester per student, may have direct implications for whether teacher education programs should consider extending their teacher preparation period. Integrating costs with effects provides additional information for program decision-makers to use in reaching summative decisions about their teacher education programs. (JD)