A study examined the views of employers and graduates of accredited home study programs concerning the worth of these programs. To gather data for the study, researchers mailed questionnaires to all of the 534 students who had received a degree from five home study institutions accredited by the National Home Study Council. In all, 191 graduates of the programs completed and returned questionnaires. A second survey was sent to 62 supervisors whose names were furnished by respondents to the first survey. Of these, 40 returned questionnaires. Based on the student survey, it was determined that graduates selected the home study method because it was the most convenient way for them to obtain a degree. When asked whether home study was comparable to or more difficult than regular instruction, 82 percent said yes. Over 90 percent of the graduates felt that the courses they took either have helped or will help them obtain the promotions and raises that they desire. All the employers surveyed felt that home study degree holders compare favorably to employees holding regular degrees, and 75 percent of the supervisors felt that home study degrees were just as valuable as regular degrees. (Appended to this report are the survey instruments and comments made by some of the respondents. (MN)