Problems of collegiate athletics are identified: failure to prepare athletes for employment, underfinancing of women's sports, and inadequate athletic recreation for many students. A monitoring system on recruiting, financial aid, academic eligibility is suggested along with institutional cooperation to reduce the competitive pressure. (Author/MLW)

Trustees, it is suggested, should keep an eye out for burgeoning short-term debt, over-optimistic income estimates, hidden enrollment problems, student attrition, and loss of special revenue sources. The absolute size of a college is seen as a factor in making the decision to close. (MLW)