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America is in crisis. Employers say paradoxically they cannot find the right people to fill jobs even though the country is facing its highest unemployment rates in a generation. Competition with a rising China and India and their vast populations lend urgency to the need for the country as a whole to do a better job of educating its citizens.
The institutions to which the country would turn to help tackle this challenge—its colleges and universities—are facing a crisis of their own. There is a rising chorus of doubts about how much the institutions of higher education that have been such a part of the country’s past successes can be a part of the answer. Graduation rates have stagnated despite a long track record of serving increasing numbers of students over the past half century. None of America’s higher education institutions have ever served a large percentage of our citizens—many from low-income, African-American, and Hispanic families. The institutions are now increasingly beset by financial difficulties, and the recent financial meltdown is but a shadow of what is to come. The further looming state budget crises spell difficult times for many colleges and universities. And there is a growing acknowledgement that many American universities’ prestige came not from being the best at educating, but from being the best at research and from being selective and accepting the best and brightest—which all institutions have mimicked.
Our country’s dominant higher education policies have focused on expanding access for more than half a century—allowing more students to afford higher education. Yet changing circumstances mandate that we shift the focus of higher education policy away from how to enable more students to afford higher education to how we can make a quality postsecondary education affordable.