IMPACT, EFFECTIVENESS, AND RESULTS OF THE HIGHER EDUCATION FACILITIES ACT OF 1963 ARE EVALUATED. DATA FOR FY 65 AND FY 66 ON THE NUMBER OF APPLICANTS OF FEDERAL AID, CAPITAL OUTLAY FOR FY 63 AND FY 64, UNDERGRADUATE TUITION AND FEES, AND INFORMATION FROM REPRESENTATIVES OF 43 INSTITUTIONS AND NINE STATE COMMISSIONS ARE UTILIZED. CONCLUSIONS REPORTED ARE--(1) THE COLLEGE FACILITIES PROGRAMS HAVE CONTRIBUTED SIGNIFICANTLY TO ACCOMODATING INCREASING ENROLLMENTS, (2) FEDERAL FUNDS HAVE SUPPLEMENTED MONIES FROM NON-FEDERAL SOURCES TO INCREASE AVAILABILITY OF PHYSICAL FACILITIES, (3) PUBLIC INSTITUTIONS HAVE BENEFITED MOST FROM TITLE I AND II FUNDS, WHILE PRIVATE INSTITUTIONS HAVE BENEFITED MORE FROM TITLE III FUNDS, (4) DATA AVAILABLE CLEARLY REVEALS AN INCREASE IN THE CAPACITY ENROLLMENT RATIO FOR ALL INSTITUTIONS WHILE THE ONLY TYPE OF INSTITUTION WITH A REDUCTION IN RATIO WAS THE UNIVERSITY GROUP, (5) THE FACILITIES ACT HAS HAD A FAVORABLE IMPACT ON THE ACADEMIC PROGRAMS OF PARTICIPATING INSTITUTIONS, (6) DATA REGARDING THE IMPACT OF THE PROGRAM ON UNDERGRADUATE TUITION AND FEES REVEALS NO SIGNIFICANT RELATIONS, AND (7) PARTICIPATING INSTITUTIONS GENERALLY HAVE REACTED FAVORABLY TO THE FACILITIES PROGRAMS. THE PROGRAM HAS STIMULATED FUND RAISING, PARTIALLY SATISFIED THE GROWING NEEDS FOR EXPANDED FACILITIES, ENCOURAGED BETTER PLANNING, AND ENHANCED PROGRAM IMPROVEMENTS. (BH)