THE DEVELOPMENT OF FINANCIAL INFORMATION WHICH MAY BE USED BY PRIVATE JUNIOR COLLEGES IN APPRAISING AND IMPROVING THEIR FISCAL PRACTICES AND POLICIES WAS THE PURPOSE OF THE PROJECT. DATA RELATING TO INCOME AND EXPENDITURE PATTERNS OF PRIVATE JUNIOR COLLEGES WERE TRANSLATED INTO PERCENTAGES SO THAT COMPARABLE RELATIONSHIPS COULD BE DETERMINED BETWEEN INDIVIDUAL SCHOOLS AND GROUPS OF SCHOOLS. PERCENTAGES WERE CALCULATED INSTEAD OF DOLLARS IN ORDER TO HAVE VALID INFORMATION FOR A LONGER TIME PERIOD. SEVERAL POINTS WERE EMPHASIZED--(1) THERE WERE DEFINITE PATTERNS OF EXPENDITURES, (2) A SLIGHTLY WIDER SPREAD OF PERCENTAGE VALUES WAS EVIDENT IN JUNIOR COLLEGES THAN IN 4-YEAR COLLEGES, (3) A HIGHER PERCENTAGE OF FUNDS WAS SPENT ON OPERATIONS AND MAINTENANCE THAN WAS ANTICIPATED, (4) THE INSTRUCTIONAL COSTS OF JUNIOR COLLEGES WERE FOUND TO BE LOWER THAN THOSE OF 4-YEAR COLLEGES, AND (6) JUNIOR COLLEGES DEPENDED MORE HEAVILY ON STUDENT FEES FOR INCOME. (HB)