The severe fiscal problems of private higher education are precisely described in this book. Emphasis is placed on where the money comes from, where it goes, and the consequences of expenditures exceeding income. What private colleges are doing about budget deficits is examined, and important recommendations about what they should be doing are suggested. The flow of money through these institutions, pinpointing the specific conditions and practices creating deficits, is described, and measures that administrators must take to eliminate them are discussed. (Author)