By John L. Hennessy, President, Stanford University
Much has been written about the rising costs of higher education and increasing student debt levels, but hidden amid the conversation is another crisis with even more profound implications—the completion rate for today’s college students.
By L. Rafael Reif, President of the Massachusetts Institute of Technology
While students worry that they cannot afford a college education, U.S. colleges and universities know they cannot really afford to educate them either. At technology-intensive research universities, it costs three times as much to educate an undergraduate as they receive in net tuition.