American higher education is remarkably adaptive. A system only in the broadest sense of the term, it has been flexible enough to absorb and adapt to broad changes that, at the time, were outside the traditional purview of mainstream colleges and universities—for example, the land grant movement, the creation of community colleges, the passage of the GI Bill, and the need to serve increasing numbers of adult students. On the threshold of the twenty-first century, American higher education faces yet another new movement, one that has been described variously as part-time, postbaccalaureate, or non-degree education. But for public policy purposes, these characterizations are too narrow; the emerging, diverse aggregation of educational...