More and more Americans are recognizing just how inadequate their system of higher education is, in large part because the ever-increasing costs of attending a college or university are accompanied by an ever-decreasing value in the education they purport to give the student. At the venture capital firm, PEI, founded by Chuck Stetson, the author of this article, many candidates with undergraduate degrees in business are interviewed for the analyst program. Stetson has noticed that the preparedness of these candidates has seriously declined in recent years. While PEI does interview individuals who can interpret a spreadsheet, the company cannot seem to find viable candidates who understand what motivates people and who comprehend and embrace the characteristics and values that lead to success. These qualities are critically important to PEI Funds, and the company expects to find and cultivate them in those they hire. PEI Funds managers have come to the conclusion that something must have broken down in higher education--something that sends graduates into the business world ill-equipped for real work and therefore unable to strive for and achieve true success. If that assumption is accurate, how can this faltering system be fixed so that higher education does a better job of preparing young people for the workforce and putting them on the path to success? This article focuses on three issues: (1) The brokenness of higher education; (2) what works, and what has gone wrong; and (3) how to restore education in America.