Information on state-level financing of higher education and on institutional revenues and expenditures is presented for fiscal year (FY) 1982, with trend data back to FY 1978. In addition to a narrative analysis, nearly 200 tables show state rankings on 46 factors involved in higher education finance. The state rankings cover state and local government finances, support of colleges and student financial aid, enrollment trends, and other trend data. Each eight-page state profile provides a commentary on state conditions and trends and data on: state financing of higher education; revenues and expenditures of specific types of public and private colleges; trends in state and local appropriations, revenues, tuition and fees, and enrollment; trends adjusted for inflation; faculty salaries by academic rank and institutional category; and institutional characteristics by type of college. Included is data on the state's tax structure, state and local finances per capita, and expenditures for seven basic public programs. Information on population and enrollments covers state access rates, interstate migration of students, enrollment mix by institutional sector, and student attendance patterns. Appended are a listing of institutions by classification, control, and state, and definitions and information on data sources. (SW)