This digest summarizes and condenses some of the information about higher education in the United States provided by the U. S. Office of Education and other public and private educational organizations. Eleven tables with accompanying texts cover areas of higher education: number of institutions, enrollment, public/private ratios, 4-year/2-year ratios, instructional staff and student/faculty ratios, faculty salary levels, faculty salaries and the cost of living, current fund expenditures, purposes of current fund expenditures, current fund revenues, and sources of current fund expenditures. This digest is felt to be of particular interest to Teachers Insurance and Annuity Association-College Retirement Equities Fund Participating institutions and policyholders. (Author/PG)