While college enrollment has more-than doubled since 1970, elite colleges have barely increased supply, instead reducing admit rates. We show that straightforward reasons cannot explain this behavior. We propose a model where colleges compete on prestige, measured using relative selectivity or relative admit rates. A key comparative static of the…

When Valencia College became the first recipient of the Aspen Prize for Community College Excellence last month, an unsung sector earned uncommon recognition. Now that the speeches are over and the prize money has been awarded, the Aspen Institute is sharing early lessons from its yearlong effort to determine the top community college in the…

By offering admission to more students than ever and introducing tuition plans attractive to middle-income families, many colleges have larger first-year classes. Poor job prospects are boosting enrollments, and recession is driving students to look for education bargains. However, the trend does not apply to all groups or institutions. (MSE)

Pennsylvania State University will turn 14 of its two-year campuses into four-year colleges, changing the face of higher education in the state and raising concerns for competing institutions. Three campuses will retain two-year status. The change is due to overcrowding at the University Park flagship campus, and because too few two-year campus…

To meet the expectations of students, parents, communities, governments and businesses, Canadian universities will need to continue to plan strategically, manage proactively, deliver effectively and attract significant public support. Keeping these needs in mind, this edition of "Trends" provides not only a historical perspective and…