This booklet on the finance of education is designed for nonfinancial administrators and trustees of institutions of higher education. It is meant to familiarize such educational officers with basic concepts, ideas, terminology, and practices in the financial realm. No attempt is made to present analytical details, economic elaborations, or complex fiscal patterns of interest to professional financial managers. The premise of the volume is that if the material resources of a college or university are to be utilized effectively in furthering its educational missions, the trustees and chief executive officers ultimately must be the responsible agents for sound financial management. As responsible agents, these trustees and officers should understand the role and basic principles of accounting (as explained in chapter 1), the management and investment of "cash flow" (as explained in chapter 2), and the processes and risks of investments (as described in chapter 3). (Author/JM)