American Enterprise Institute

College101’s Stig Leschly writes an AEI policy brief on the need for innovation in higher education. Highlights are below. Read the full document here.

Unfortunately, existing US colleges often fail to produce economic mobility for their students, and prevailing policy efforts to improve existing colleges are limited in their impact.

A promising strategy for improving the quality of US colleges…is to enable the formation of new nonprofit colleges that can bring design innovation, improved outcomes, and competition to the sector.

…the higher education sector needs new college accreditors that, unlike current college accreditors, specialize in evaluating, approving, and monitoring startup colleges.

White House and Education Department leadership should invest political capital and administrative resources in new accreditors that can enable and regulate startup nonprofit colleges focused on economic mobility.

Read the full piece here.