A group of higher education policy experts identified the most pressing federal and state public policy developments likely to be debated in 1995. This report discusses the 10 issues identified: (1) student loan changes; (2) restricted taxpayer support; (3) tax policies; (4) federal support for research and other programs; (5) State Postsecondary Review Entities and other regulatory requirements; (6) accreditation reform; (7) access and diversity; (8) work force preparation; (9) productivity and restructuring; and (10) cost and availability of technology. Discussion of each issue is limited to two pages and includes recommendations for further reading. To make the document convenient to use, an "at a glance" box contains a synopsis of each issue. An introduction compares the 1995 issues to the issues that appeared in the 1994 version of the report. (Contains 24 references.) (JDD)