The study reported on in this document had as its major objective to analyze the costs that the nation incurs in providing college education for its youth. The results of the "Cost of College" study are based on data obtained from 50 4-year colleges. The data include information on revenues and expenditures, faculty, classes, enrollments, average scholastic aptitude measures, and federal student aid for each of the colleges. The period covered is Fall 1967 through Spring 1971. It was found that the cost of college (the total expenditures divided by the number of students) rose from $2,606 in 1967-68 to $3,341 in 1970-71, or 28.8%, while the cost of living was rising 16.3%. This unusually rapid inflation was generated by 3 major sources: increases in faculty salaries, declining work loads, and declining class sizes. (HS)