This document comments on the major points of the June 1973 Carnegie Commission Report "Higher Education: Who Benefits? Who Pays". It is suggested that an outstanding characteristic of the report is that it is full of contradictions. Many of its observations, generalized recommendations, and stated goals, are such as would command a general consensus of support by the public, and the higher education community. But many of the specific recommendations and illustrations of actions required to carry them out would if implemented have the opposite result to that viewed as desirable by the Commission. Specific topics discussed include: tuition levels, state responsibility for the institutional welfare of higher education within its borders, the tuition gap, the Carnegie Commission and institutional support, and the National Student Loan Bank. (Author/MJM)