A nationwide strategy for improving Ed.D. programs is needed to overcome two important dilemmas that are typical in schools of education: low academic status for Ed.D. programs and an overreliance on tuition as a source of revenue. Other major hindrances are the lack of agreement about research-based standards, a weak alignment with other elements of educational reform, and fuzzy accreditation standards. The authors then discuss two broad strategies for reversing the downward spiral in educational leadership programs: a compact among elite schools of education to improve their Ed.D. programs and a National Academy of Educational Leadership. For both strategies, the authors explore lessons from a range of analogies drawn from experience both in the United States and internationally.