n a world where technical skills become outdated quickly, the enduring value of a liberal arts education is intellectual flexibility.

Students and parents today must ask the tough question: "Will this college stay open over the next four years?"

When higher education takes on real problems in real time, in addition to fundamental basic research, it can serve students, families and society in novel ways.

The new federal loan caps will affect students and families differently—and create very different risks and opportunities for colleges.