It’s no secret that college has become more expensive. Between 1982 and 2007, the cost of tuition and fees for U.S. colleges and universities has increased by more than 400 percent, far outpacing the rate of inflation and median incomes. The recent recession has exacerbated the college cost problem as institutions have raised tuition to make up for lost state funding. Meanwhile, the new completion agenda has called on American higher education to produce more postsecondary credentials in order to meet employer demand. Accomplishing these goals without breaking the bank will require new ideas on how to dramatically reduce the cost of providing postsecondary education.