Presents various shortcomings of applying a per-pupil cost structure for determining teaching cost. A proposed alternative approach determines the cost of providing teaching capacity separately. It is applied to a number of situations and the comparative results are presented. (JMF)

Models to assess the impact of a college on the local economy are examined. A primary objective was to derive equations for which data could be obtained from normal records kept by colleges, local governments, and businesses. The models, which are designed to be used by college presidents and their staffs, are linear cash-flow formulas, including…