Developments in postsecondary education during 1970-75 are considered in relation to students, institutions, and faculty. The following issues pertaining to students are addressed: students who did not enroll, the enrollment rate, the economic origins of students, student incomes, the reliability of income distribution data, the occupational prospects of students, the likelihood of enrollment declines; and some policy implications of recent trends. Institutional trends include the following: the slowdown in the growth of enrollments, expenditures for instruction during 1970-74, reasons for tightening budgets, trends in the costs and financial crises of different schools, rationing access to selected institutions, the status of attrition in postsecondary education, and policy implications. The following issues pertaining to faculty are considered: faculty numbers, promotions and faculty movement, teacher salaries, the possible impact on finances of institutions, additional consequences of the oversupply of Ph.D.s, and policy implications. Among the trends are the following: students are increasingly enrolled in nondegree programs, and choose majors most likely to prepare them for jobs; the proportion of high school graduates enrolling in college declined by about 20 percent from the mid-sixties peak; the most drastic declines in enrollment occurred among middle-income students; the slowdown in the rate of economic growth has caused colleges to experience tight budgets; and the faculties experienced the effects of the financial situation in terms of constraints on their wages and increased workloads. (SW)