America does not have the workforce it needs for the economy that it has. That was a conclusion of the Commission on the Future of Higher Education in 2006. The Commission went on to note that if current trends are not reversed, the US economy and per capita income will actually decrease over the next 15 years, for the first time in US history. In response to this growing concern, President Obama has set a national goal of increasing undergraduate degree completion by 60% over the next 15 years to reclaim America's competitive position in the knowledge-based global economy. In this article, the author cites the successful record of Excelsior College in open enrollment, assessment of prior learning, credit-by-exam, and liberal transfer policies to help meet President Obama's national challenge, especially in providing credentials for the 54 million adults in the US "with some college credit but no degree."