This document describes the principles in a learning college, opportunities to create learning colleges, and key factors in molding an institution into a learning college. The principles state that a learning college: 1) creates substantive change in individual learners; 2) engages learners in the learning process as full partners who must assume primary responsibility for their own choices; 3) creates and offers as many options for learning as possible; 4) assists learners to form and participate in collaborative learning activities; 5) defines the roles of learning facilitators in response to the needs of the learners; and 6) succeeds with its learning facilitators only when improved and expanded learning can be documented for learners. Opportunities for creating a learning college include capitalizing on a natural trigger event, identifying needs through an assessment, building on existing innovations, and initiating conversations on learning. Finally, key factors for launching a learning college are building a critical coalition, creating an emerging vision, creating action plans, involving all stakeholders, ensuring appropriate support, creating an open system of communication, considering consultants and established processes, paying attention to language, reallocating resources, evaluating, and committing to the "long haul". Each of these principles, opportunities, and key factors are discussed in the document. Contains 31 references. (AMA)