Serious budgetary and administrative questions concerning educational computing and technology confront liberal arts college administrators. What will be the impact of microcomputers and other technologies on a liberal arts education? Since monies are less and less apt to come from outside grants, especially for non-innovative institutions, and many computer companies have ceased offering major discounts or free equipment, where will funds originate? Will distributed computing, with downloading to microcomputers, make the typical computer center obsolete? How will colleges handle increasingly computer-literate students? Several colleges now have found that upwards of 80% of their freshmen will buy a personal computer from the school. In order to ensure compatibility and greater utilization, an official campus machine for students, faculty, administrators, and support staff should be selected. As more and more students and campuses become computerized, the potential software market will expand exponentially. This enormous market will drive the development of more and better truly educational software, ingenious software with interactive capabilities. The computer revolution will change all aspects of college life--instruction, classroom configurations, library use, campus communication, and institutional administration. Decisions must be made to ensure that dollars are spent for the right technology at the appropriate time. Education needs the gains in quality and quantity of work that computing and technology can bring. (JB)