Dr. Robert B. Archibald is Chancellor Professor of Economics at the College of William and Mary where he has been on the faculty since 1976. Archibald received his bachelor's degree from the University of Arizona and a master's degree and PhD from Purdue University. At William and Mary he has served as Chair of the Economics Department, Director of the Thomas Jefferson Program in Public Policy, Interim Dean of the Faculty of Arts and Sciences, President of the Faculty Assembly, and Faculty Representative to the Board of Visitors. His current research focuses on higher education finance. He is the author of two books on higher education finance: Redesigning the Financial Aid System: Why Colleges and Universities Should Switch Roles with the Federal Government and, together with David H. Feldman, Why Does College Cost So Much?. He and Feldman are working on another book, Turbulent Waters: The Future of America's Colleges and Universities.