Higher education often operates under old rules -- rules that continue despite an increasingly diverse student population and improved understanding of human behavior and choice. Under these old rules, fewer than half of students graduate on time, if at all, and troubling equity gaps exist based on income, race, and ethnicity. It is time for new…

Employers point to a large and growing "skills gap," saying thousands of jobs are already going unfilled because applicants lack the skills and knowledge they need. Forecasters say that, by the end of this decade, two-thirds of all jobs will require some form of high-quality postsecondary credential such as a degree or certificate. The…