This annual, national study of student charges at public, four-year institutions of higher education in the United States surveyed 572 colleges and universities in 1994. Approximately 93 percent, or 533 institutions, responded. The findings included the following: (1) college and university tuition and fees remain on the rise though rates of increase for undergraduate, graduate, and first-professional charges dropped from the previous fall's levels; (2) the 6.1 percent rise in resident undergraduate tuition and fees increased the average cost from $2,441 in fall 1993 to $2,590 in fall 1994; (3) room and board charges increased from an average of $3,461 in fall 1993 to $3,584 in fall 1994; (4) 1994 resident graduate tuition fees rose by 6.6 percent; (5) only five states reported double-digit increases in tuition and fees for undergraduate residents versus 13 states in fall 1993; and (6) the fiscal and instructional conditions on campuses appeared to be stabilizing or improving with more institutions reporting that their situation was average or above average. Included are tables showing 1993 and 1994 average undergraduate tuition and fee charges; room and board charges; 1993 and 1994 average graduate tuition and fees and first professional program charges; average undergraduate resident tuition and fees by state; campus fiscal conditions; and the status of 38 conditions on campus. (JB)