This report of a one-year study of the state of liberal education in four private schools culminates in specific recommendations to these schools and less specific proposals to other institutions. The study's basic hypothesis is that young people of 16 to 20 years of age form a meaningful age group that traditional institutions might no longer serve as effectively as other structures deliberately designed for today's youth and their needs. Recommendations are made for: (1) founding four-year institutions encompassing grades 11 through 14, organized to meet the special educational needs of late adolescents; (2) striving for an integrated community, with a minimal number of explicit specialities and roles; (3) initiating temporary working internships; and (4) designing flexible schedules in units of 10 or 12 weeks available the year around. (Author/MLF)