The 1983 annual report of the Indiana Commission on Higher Education is presented. After a review of the financing of Indiana higher education from the perspectives of the state, institutions, and students, the 1982 activities of the Commission are described. In addition, extensive trend data for Indiana and some comparative data for neighboring states (Illinois, Iowa, Michigan, Minnesota, Ohio, and Wisconsin) are presented. Issues related to the state's concerns for financing higher education include: the relationship of higher education to the accomplishment of various state objectives (e.g., upward mobility for citizens), ensuring adequate educational capacity to meet state educational needs, the balancing of supply and demand for educational services, and creating financial infrastructures for higher education. Institutional perspectives concern the relationship of costs to revenues, changes in the means of instruction, and increased competition for students. Issues important to the student include the benefits of college attendance, the cost, and the extent of choice available. The trend data concern: enrollment trends, student characteristics, degree and program enrollments, tuition, student financial aid, and state appropriations. (SW)