With more than 40% of community college presidents set to retire in the next five years, their successors must be able to improve graduation and retention rates, and face tough economic realities, according to a new report from Achieving the Dream and the Aspen Institute College Excellence program. The report also suggests that new presidents must be ready to make hard budget decisions and take risks to improve a school's performance, stating they must "understand that budget reallocations are necessary to maximize the portion of limited resources spent on what matters most to student success."

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