Analysis of patterns of federal and state spending on student aid, enrollment patterns, and policies that sometimes work at cross-purposes suggests that, although the machinery is in place for an equitable system, the American people must adjust their spending priorities to invest more seriously in the country's human resources. (MSE)

Describes the Pew Charitable Trusts' Pew Leadership Award for revitalization and reform in higher education and summarizes characteristics of the 45 nominated institutions. The institutions develop portfolios documenting accomplishments in the areas of curriculum redesign, faculty roles and responsibilities, and resource reallocation. Profiles the…