Breaking the Social Contract

The Fiscal Crisis in U.S. Higher Education

Roger W. Benjamin, Stephen J. Carroll

ResearchPublished 1997

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.

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Benjamin, Roger W. and Stephen J. Carroll, Breaking the Social Contract: The Fiscal Crisis in U.S. Higher Education. Santa Monica, CA: RAND Corporation, 1997. https://www.rand.org/pubs/aid_to_edu_docs/CAE100.html.
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This publication is part of the RAND CAE document series. Council for Aid to Education reports were produced by the Council for Aid to Education while it was a part of RAND. These reports were published at RAND from 1997 to 2000.

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