Few will argue that the pandemic has laid bare the need for higher education to change. With overall enrollment falling by 3% from fall 2019 to fall 2020, and with future enrollment projections trending downward, many colleges will need to adjust the way they do business if they are going to survive financially. Even among institutions that have fared better than anticipated during the pandemic, a once-in-a-generation opportunity exists to leverage the emergency changes of the last 18 months for long-term good.