1、Fulfilling the potential of US higher educationPostsecondary education leads to better jobs,greater economic mobility,and more.Can higher ed institutions extend that promise to millions more people?This report is a collaborative effort by Diana Gonzalez,Jonathan Law,Fiyinfolu Oladiran,Ted Rounsavill

2、e,Saurabh Sanghvi,and Doug Scott,representing views from McKinseys Education Practice.April 2023The US higher education system faces crises on multiple fronts.Enrollment growth is slowing,student debt is at an all-time high,the sector is not delivering on its promise of greater equity,and its reputa

3、tion is declining in the opinion of many Americans.We believe there is a challenging but clear solution.Higher ed must remain focused on its core mission of educating learners but evolve its practices to expand services to more Americans.Our analysis suggests that the sector should aspire to a bold

4、goal:graduate ten million more students than currently projected over the next 20 years.This goal is ambitious,but the data show there is a pathway to achieving it in a way that successfully addresses the sectors challenges rather than exacerbating them.Higher education in the United States remains

5、a powerful enabler of economic mobility and individual empowerment.The sector consists of more than 6,400 institutions,which annually serve 16 million undergraduate students and award three million bachelors and associates degrees.1 1 Veronique Irwin et al.,Report on the condition of education 2022,

6、National Center for Education Statistics(NCES),US Department of Education,May 2022.2 Jennifer Ma,Matea Pender,and Meredith Welch,Education pays 2019:The benefits for individuals and society,College Board,January 2020.3 “Student loans owned and securitized,”Board of Governors of the Federal Reserve S