A middle way that remains sustainable during boom and bust seems necessary—one that includes a strong focus on nontraditional degrees and accelerated traditional degrees, one that focuses on increasing the proportion of students who finish those degrees, and one that makes college degrees available to students at lower costs. There must also be a more realistic assessment—on the part of students, schools and lenders—of what specific educational goals are being realized, what they cost, and how they connect to labor-market prospects; yet the challenge will be to implement this in a way that doesn’t create a chilling effect or leave large swaths of young adults behind. Some of these shifts in postsecondary education are already occurring—how can we move further in this direction?