This latest edition of the biennial Higher Education Fact Book series focuses on significant national, regional, and Southern Regional Education Board (SREB) state trends affecting higher education in the 1990s. This report contains 19 graphic highlights and over 80 tables displaying state, regional, and national statistics covering population and the economy, higher education enrollments and the pool of potential students, degrees earned, tuition levels, student financial aid, faculty salaries, and higher education budgets. The report also contains profiles of the gender and racial/ethnic characteristics of faculty and administrators, faculty salaries by teaching field and type of institution, and administrative salaries. Among the facts revealed are the following: (1) over half of the U.S. population growth in the next two decades will be in the SREB states; (2) college enrollments in the region are growing well above the national rate, but the traditional pool of potential college students (18 to 24 year olds) will shrink through the 1990s, then rebound significantly by 8 percent during the first decade of the next century; and (3) minority students will be at least one-third of the high school graduates in seven SREB states by early in the next century. (GLR)