"Trends in College Spending: Where Does the Money Come from? Where Does It Go?", the second study from the Delta Project on Postsecondary Costs, Productivity, and Accountability, examines revenue and expenditure data for nearly 2,000 public and private non-profit colleges and universities (representing more than 75 percent of higher education enrollment) and analyzes recent trends, focusing on the period from 2002 to 2006. It is the most up-to-date and comprehensive assessment of higher education finance in the nation. This executive summary provides the highlights from the study. [For the full report, "Trends in College Spending: Where Does the Money Come from? Where Does It Go?," see ED539418.]