The issue of financing postsecondary education was discussed from the point of view of low-income and minority students in Southern states. Additional discussions not reported in this monograph were reflected in the recommendations from the conference that were published separately. Emphasis in these papers was on the proper relationship of tuition levels and student aid, and the proper balance of federal and state support of higher education. This monograph contains four major parts dealing with (1) the problem of race and class inequities; (2) higher education finance and its effect on equal opportunity: two approaches to public policy; (3) southern state policies and programs, state financial aid programs and student access, some documents on educational finance in the South; and (4) statistical appendices on race and income inequities, participation of blacks in federal and state student aid programs, and public college tuition charges in the South. It is noted that southern states have both opportunity and obligation to take the lead in a more just and equitable distribution of educational services. (LBH)