rcentage of our citizens—many from low-income, African-American, and Hispanic families. The institutions are now increasingly beset by financial difficulties, and the recent financial meltdown is but a shadow of what is to come. The further looming state budget crises spell difficult times for many colleges and universities. And there is a growing acknowledgement that many American universities’ prestige came not from being the best at educating, but from being the best at research and from being selective and accepting the best and brightest—which all institutions have mimicked.