This document focuses on the problems of transferring credit facing undergraduate transfer students. Following introductory material, chapter 2 discusses the major dimensions of the dilemma. Chapter 3 covers articulation between junior and senior institutions of higher education. Chapter 4 reviews nontraditional study and external degree programs. Armed services personnel and prison inmates as college transfer students are studied in chapter 5 and 6. Chapter 7 reviews current studies by national educational organizations. Major findings indicate the ratio of new transfer students to freshmen has risen from 7.5% in 1963 to 8.1% in 1968. More mature and more nontraditional students will be seeking college degrees, many of them with previous college courses or life experiences creditable toward a degree. (MJM)