Focusing on current grading practices, this report details a survey of 443 respondents from both four- and two-year institutions of higher education. The data are compared with a 1973-74 survey of the same institutions. Findings show that in general more stringent policies are enforced in the use of nontraditional grading practices, in making-up incompletes, in withdrawal policies, and in auditing procedures. Practices on the admission of high school graduates, admission to graduate school, and on remaining in good standing appear to have become more strict. The responses on probation and suspension indicate that these policies have become more strict, as have policies on grades awarded by instructors. It is also noted, however, that there is an increased use of nontraditional grades in courses outside the major, that there is a higher percentage of use of unlimited repeating of courses, and an increase in the practice of academic bankruptcy (where grades from a "bad" semester are not recorded). There is also an increase in the number of respondents who reported that the highest grade earned for a course is the one used to calculate the grade point average. (PHR)