According to a report from Lumina Foundation for Education, already over 37 million Americans--or more than 20% of the working adult population--have gone to college but not completed it and obtained a degree. This increased dropout rate reflects a student body that juggles work with academic responsibilities. To govern effectively, boards must recognize this new majority student. Boards can help reduce the dropout rate by enacting policies that equip students to make informed decisions with clear expectations concerning their education. To retain students, boards should consider an approach to governance that reduces the time it takes for a student to graduate, lessens the number of choices, and provides more predictability and structure. Relying on their significant knowledge and experience, and empowered with proven new approaches and practices, trustees can help fully seize the opportunities for this country that overflowing campuses provide, significantly boost college completions, turn the broken dreams of dropouts into the bright futures of graduates, and make America once more the world leader in college attainment.