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President Barack Obama said, “A higher education is the single most important investment students can make in their own future.” For generations, American colleges and universities enrolled and graduated more young people than any other country in the world. But in the past 30 years, we have begun to fall behind and costs have surged. Last week the president proposed a new rating system for the nation’s schools to hold them accountable and help bring tuition under control. Former president of Harvard University Derek Bok describes what he sees as the biggest problems in higher education and how to fix them.
Excerpt from "Higher Education In America" by Derek Bok. Copyright 2013 by Derek Bok. Reprinted here by permission of Princeton University Press 2013. All rights reserved.