The closing of a college is the topic of the third in a series of four transcripts of radio programs on college today. The dialogue includes: a press conference at Lone Mountain College, with a discussion of financial problems by the president and comments by Lone Mountain's student body president, college vice president, art department chairman, English department chairman, and students; the future of legal studies at Lone Mountain; difficulties at the University of Albuquerque, with comments by department heads, the president, and students; part-time faculty at Albuquerque; and the evening division at Albuquerque. (SPG)