Arthur Levine becomes president of TC, serving until 2006. He served as Chair of the Higher Education program and Chair of the Institute for Educational Management at the Harvard Graduate School of Education before coming to TC, and he is now President of the Woodrow Wilson National Scholarship Fund. The author of numerous books, he is currently in the midst of releasing a four-part series of reports on the condition of education schools in the United States.

During his tenure at TC, Arthur Levine significantly increased the size of the College's faculty, more than doubled its research grant activity, and conducted the largest capital campaign ever completed by a school of education, while also undertaking a thoroughgoing renovation of its physical plant. The Levine years saw the establishment of the Hechinger Institute on Education and the Media; the Center for Educational Outreach and Innovation; the Heritage School, an arts-themed public high school in East Harlem; the Center for Chinese Education; the Office of the Special Counsel for Diversity and Community; and The Campaign for Educational Equity. The College also proclaimed educational equity as its institutional mission.