Forty years ago, a college education was the best investment any American could make in his or her future. A BA or BS delivered knowledge and credibility worth vastly more than its price. But beyond the STEM and business departments at the best universities, America’s tertiary educational system is now in deep trouble. It has left many graduates, as well as failed degree seekers, with high debt burdens, few marketable skills, and a distorted understanding of reality. How have we gotten into this mess? What are the solutions? And what are the implications for policymakers, students, employers, and U.S. competitiveness? We’ll provide insights that will help you more fully appreciate this crisis.