Examines alternative approaches to financing educational capital outlay, particularly equipment purchases for vocational education programs. Discusses the magnitude of capital outlay expenditures and considers the merits of various current state practices in the area of aid for capital expenditures. (Author/JG)

This paper is a discussion of alternative state approaches to aiding and costing capital outlay programs, particularly equipment purchases for vocational programs. Equipment costs for vocational programs tend to be a larger proportion of the total costs than in other programs. The paper includes a discussion of such topics as the magnitude of…