Charting the Future: Objectives for Financing Postsecondary Education

The National Commission on the Financing of Postsecondary Education adopted a working definition and preliminary objectives for postsecondary education in 1973. The working definition included formal instruction, research, public service, and learning opportunities for individuals beyond compulsory school age. The preliminary objectives included diversity, excellence, institutional independence, accountability, student responsibility, access, choice, academic assistance, financial resources, and shared responsibility for financing. The Commission aimed to address the needs of a diverse society and ensure that postsecondary education meets the changing needs of individuals and society while maintaining quality and accountability.