This document, a summary of reports presented at the 1998 annual symposium of the Forum for the Future of Higher Education, covers a wide range of issues that are likely to influence how colleges and universities deal with such questions as what business they are actually in, what are their institutional strengths, how will they compete in a transformed higher education market, and what are campus leaders' hopes for the future. Summaries of papers presented include: "Higher Education as an Associative Good" (Henry Hansmann); "Students Educating Students: The Role of Peer Effects in Higher Education" (George Goethals, Gordon Winston, and David Zimmerman); "When Industries Change: Scenarios for Higher Education" (David Collis); "Tenure Issues in Higher Education" (Michael McPherson and Morton Owen Shapiro); "Private College Pricing: Are Current Policies Sustainable?" (David Breneman, Lucie Lapovsky, and Daniel Meyers); "Intellectual Property Meets Information Technology" (Dennis Thompson); "Inside Internet2: Advanced Networking for Research and Education" (Mark Luker); and Asynchronous Learning Networks: Strategies for On and Off Campus Network-Enabled Learning" (John Bourne). (CH)