Colleges need to accept that the "social compact" between higher education and government that led to a century of growth for American higher education is dead and will not return, Larry R. Faulkner said Sunday.
Faulkner, president of the University of Texas at Austin, delivered that message to hundreds of college presidents gathered in Washington for the annual meeting of the American Council on Education. Bemoaning the death of the compact is not of itself earth-shattering -- academics have been complaining along those lines for some time.