Cover: Breaking the Social Contract

Breaking the Social Contract

The Fiscal Crisis in U.S. Higher Education

Published 1997

by Roger W. Benjamin, Stephen J. Carroll

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This report offers the results of a two-year study by the Commission on National Investment in Higher Education. Established by the Council for Aid to Education in 1994, the Commission was asked to examine the financial health of America's higher education sector. Our central finding is that the present course of higher education — in which costs and demand are rising much faster than funding — is unsustainable. Therefore, we call upon the nation to address the fiscal crisis now, before millions of Americans are denied access to a college education.

This report is part of the RAND CAE document series. Council for Aid to Education reports (CAE) were monograph/reports (MR) produced by the Council for Aid to Education. CAEs were published at RAND from 1997 to 2000. RAND monograph/reports presented major research findings that addressed the challenges facing the public and private sectors. They included executive summaries, technical documentation, and synthesis pieces.

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