This paper considers social policy and institutional practice policy implications of findings reported by Ernest Pascarella and Patrick Terenzini concerning student career choice and economic benefits of college. Sixteen social policy implications are identified. These include: beating the Japanese; overcoming the "pipeline mentality"; revising society's view of the liberal arts; lessening wasteful college student attrition; improving the screening function; maximizing work force participation and stability; optimizing job search and mobility; raising the standard of living; capitalizing on the Pygmalion effect; instituting manpower planning that will minimize over-education; righting the "community college disadvantage"; advancing minorities and the poor; increasing the advancement of women in leadership; incorporating a global culture mentality; bringing about a renaissance of the arts; and introducing a new focus on values and the individual. Implications for institutional practice policy address the following areas: maturity of career thinking and planning; work experience during college; interaction with faculty programs; career choice; grade refinement; company visitation programs; and extracurricular program participation. (DB)