56 страниц. 2013 год. LAP Lambert Academic Publishing The first and only voucher-based policy approach to finance higher education in America, the College Opportunity Fund (COF), was implemented by the state of Colorado in 2004. In 2011, this research study conducted a survey to seventeen senior administrators of Coloradan universities, as an attempt to examine the outcomes and effects of the COF program, from the administrators’ perspective. What are the lessons learned from the College Opportunity Fund according to the university executives?