This is the final report on long range planning for financial support for and investment in New Jersey's state colleges. Opening sections summarize the findings of the Advisory Commission on Investing in the State Colleges charged with examining the issues, origins, membership, charge and general principles of that Commission, the economic, social and political context, and the subject of the Commission's work. The central sections contain the Commission's recommendations organized around the three elements of the Commission's charge: (1) the roles of the state colleges and their value to the state: (2) appropriate levels of investment to sustain the colleges and how financial responsibility will be shared; and (3) how the colleges and the state will be accountable for the public investment. Preceding each recommendation are specific assumptions and principles providing the context for the recommendation. The next section identifies beneficiaries from investment in the state colleges. The final section identifies future issues such as how much investment will be enough to ensure access to quality education and the impact of New Jersey's Higher Education Restructuring Law. Appendixes contain descriptions of the colleges today and a list of resource materials. (Contains 43 references.) (JB)