This report on graduate education, requested by the Virginia General Assembly, was developed by a task force that included graduate students, faculty, and administrators. The task force based its work on a previous report issued by an advisory committee of chief academic officers, a review of recent literature on graduate education, and their own reflections. Three broad principles of rationality, equity, and accountability govern the recommendations. In light of the current fiscal climate the recommendations are divided into those that can be implemented with minimal new investment and those that involve reallocation of resources and/or longer time requirements. The recommendations are grouped in three main areas: (1) attracting good students, (2) financial accessibility, and (3) facilitating student progress through graduate school. The report suggests tasks for departments, provosts, and the state government to attract good students that include adjustments to admission processes, development of articulation agreements, and maintenance of competitive faculty salaries. The report also recommends steps for various groups to increase financial accessibility. These include review of tuition and fees policy, review of need for discretionary-aid appropriations, and giving priority to those that invest in new teaching technologies. Recommendations to various parties for facilitating student progress include welcoming "non-traditional students," clarification and monitoring of student advising, monitoring of time-lines and degree expectations, and other functions. (Contains 13 references.) (JB)