Policy and the status of institutions offering independent study by correspondence were studied, based on a 1982 survey of 72 American universities. Information is provided on enrollments, staff size, fees, services, and compensation to faculty for grading and course development for college, high school, and noncredit programs. Findings include the following: in 1981-1982 there were 240,488 new enrollments for the 72 institutions, with a mean enrollment of 3,340; 48 percent of the institutions had fewer students compared to 1980-1981; enrollment losses occurred predominantly at small institutions (with 2,500 students or less); the average institution had a staff of 2.4 professional persons; services included sending students study materials and class changes; mean charges in 1981-1982 were $31.94 per semester hour or $24.48 per quarter hour; for 1982-83 fees increased about 9.5 percent; 53 percent of the institutions raised their course fees and none reduced fees; the average rate of pay per graded college lesson in 1981-1982 was $2.45 and in 1982-83, $2.60; and the average rate per developed course was about $570 in 1981-1982 compared to $607 in 1982-1983. Additional statistical tables and information for specific colleges are included. (SW)