BARRE, Vt., March 15 - Plans for a new college with an educational program based on study of 'real life problems,' were announced here today by Royce S. Pitkin, president of Goddard Junior College. The new institution will be called Goddard College, a Vermont School for Living, and will be located in near-by Plainfield on a 25-acre estate known as Greatwood Farm. It is estimated that about $500,000 has been expended on buildings and landscaping.

The plans for the new institution are not complete, it was said, but it expected that it will be coeducational and will take over the college work being conducted by Goddard Seminary and Goddard Junior College here. Classes will range from junior year of high school through sophomore year of the usual college course.

Each student's course of study is to be planned to meet his individual needs, with the study of a vocation stressed as part of living rather than an end in itself.

It is hoped to break down any barriers that may exist between college and community and to use the community as a laboratory for the study of people as they grapple with the problems of living.

Students are to participate in determining policies and in the actual operation of the college plant.

The athletic program is to utilize the natural resources of the State with the aim to foster forms of recreation suitable for life after college.

The program will seek to develop adult education and recreation during regular college session and at special occasions in vacation periods.