Chronicle of Higher Education , September 2007. "[F]or many of today's graduate students, the future could not look much bleaker. They see long periods of training, a shortage of academic jobs, and intense competition for research grants looming ahead of them. 'They get a sense that this is a really frustrating career path,' says Thomas R. Insel, director of the National Institute of Mental Health. So although the operating assumption among many academic leaders is that the nation needs more scientists, some of brightest students in the country are demoralized and bypassing scientific careers."

US Census, July, 2002. "This report illustrates the economic value of an education, that is, the added value of a high school diploma or college degree. It explores the relationship between educational attainment and earnings and demonstrates how the relationship has changed over the last 25 years. Additionally, it provides, by level of education, synthetic estimates of average total earnings adults are likely to accumulate over the course of their working lives."

The Problem: The NIH’s budget doubled over the past few years, and the NSF is currently working on a budget doubling of its own. Despite this vast influx of new federal funding, approval rates for grant proposals at the NIH have plummeted, and similar things are happening at NSF. The Challenge: If you were in charge, tell us what would you do differently. Join a public discussion.