America's colleges and universities have long been the envy of the world. But it would be hard to think of a time when the public has viewed American higher education with greater skepticism. It is a tragedy that colleges and universities are increasingly characterized by their high costs, not their high standards. This fifth edition of "What Will They Learn?" highlights the tremendous disconnect between perception and reality at America's colleges and universities on issues of cost, curriculum, speech codes, and graduation rates. This year's study showcases 22 institutions that garnered an "A" grade for strength of curriculum, but also found a four-year grad rate of just 40% among the 1,091 institutions studied. American Council of Trustees and Alumni (ACTA) expanded the study by partnering with the Foundation for Individual Rights in Education to include speech code ratings on hundreds of universities. The report and the companion website, WhatWillTheyLearn.com, detail whether each school requires literature, U.S. government or history, foreign language, mathematics, economics, science, and composition. ACTA assigns each school a letter grade, and notes explain the grades assigned and noteworthy programs within schools.