This work is drawn from the author's experience as a teacher, a prize-winning scholar of American literature, a feminist thinker, and an innovative administrator at a major public university. Offering a sobering view of what may lie ahead, Annette Kolodny explains the reasons for the financial crisis in higher education today and boldly addresses the challenges that remain ignored, including changing demographics both on campus and across the country and the accelerated globalization of higher education and advanced research. The volume features practical solutions and workable programmes for change. Among her insights, Kolodny offers a thorough defence of the role of tenure and outlines a set of procedures to ensure its effective implementation. She proposes a structure for an "Antifeminist Intellectual Harassment Policy" and provides a checklist of family-sensitive policies that universities can offer their staff, faculty and administrators.