College IV is a four-year, undergraduate, liberal arts, state supported college which does not possess a schedule of classes, a time base, a grading system, or a course structure. Utilizing a curriculum matrix of auto-instructional learning packages called modules, College IV is entirely self-paced. The curriculum is all "on-line," and students may enter the college at any time throughout the year. Modules are used largely for the Freshman-Sophomore materials, and contract study for the junior-senior years. College IV extends into the community through programs in the county jail, and through a module mobile which carries curriculum to off-campus sites. The major short range problem is student motivation, and one significant challenge is developing a model to determine the"value-added" for nontraditional students. New arrangements for faculty appointment, productivity, and accountability are being explored. (Author)