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In an interview with Times Higher Education, President Phil Hanlon ’77 says American universities need to be creative in containing the soaring cost of higher education.

“Colleges and universities, particularly the really good ones, have to be at the cutting edge: teaching in new ways … and doing new kinds of research,” President Hanlon says. “But what higher education has been really bad at in the U.S. is innovation through substitution.”

Hanlon has told every department at Dartmouth to target 1.5 percent of its budget for reallocation, reports Times Higher Education. “Every year departments will have to say what they really want to do with those resources,” he says.

Read the full story, published 2/20/14 by Times Higher Education.