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American higher education isn’t badly broken, according to John L. Hennessy, president of Stanford University. It’s still "the envy of the world." But it has to reckon with serious problems, including rising costs and falling degree-completion rates, he told the American Council on Education’s annual meeting here on Sunday.

In a keynote talk on "Information Technology and the Future of Teaching and Learning," the Stanford president, who built his academic career in electrical engineering and computer science, sketched out ways in which technology could help. "My goal is to provide higher education that is affordable, accessible, adaptable, and enhances student learning," he said.