The current system of financing postsecondary education in New Jersey and that proposed by the Booher Commission in its final report, "Financing in an Era of Uncertainty," are compared. The Booher Commission was a public, blue ribbon commission appointed by the New Jersey Board of Higher Education. Implementation of the recommendations of the Booher Commission would mandate changes in present state financing strategies and the reallocation of state resources. The report considers major components of the current and proposed system in relation to student financial assistance and institutional aid. The state's appropriation to higher education is examined in total and across major expenditure categories. Attention is also directed to: fund allocation to various sectors or postsecondary education; the effects on students as classified by institutional sector and family income; and the impact of the two plans on New Jersey's taxpayers. The comparisons concern expenditures in 1976 dollars, and current higher education expenditures are derived from the adjusted funding year 1976 appropriation. A basic thrust of the commission's recommendations is that a larger proportion of higher education funds would be distributed to students directly through programs of financial aid and a smaller percentage through direct subsidies to institutions. In comparing the two alternative systems of financing postsecondary education, attention is focused on the effect of state student aid financial programs on the tuition and fee charges faced by New Jersey. The effect of federal student aid programs on the cost of college attendance is addressed in an appendix. The commission used a cost simulation model to determine full tuitions at each sector. (SW)