As part of a multiyear initiative to explore the dimensions of the "college cost crisis," Lumina Foundation, in collaboration with the James B. Hunt, Jr. Institute for Educational Leadership and Policy, called together more than 350 participants for a national summit in Washington, DC, on November 2, 2005. The summit brought together federal and state policymakers, two former governors, advocates for students and faculty, higher education administrators and governing board members, secondary education leaders and representatives of all types of postsecondary institutions. They came to exchange views on one of the most vexing challenges facing the United States: how to control the rising costs of higher education. This report provides a journalistic account of the summit proceedings. It spotlights and summarizes themes that emerged and key observations from an array of participants. [This document was also produced by the James B. Hunt, Jr. Institute for Educational Leadership and Policy.]