The question of whether colleges are doing better or worse in educating their graduates compared with previous years is addressed. Attention is directed to recent trends in average test scores of students at graduation, as well as what the scores represent. Information is provided on changes since 1966 in several tests of academic aptitude taken by college graduates: the Graduate Record Examinations (GRE) General Test, the Law School Admission Test, and the Graduate Management Admission Test. Scholastic Aptitude Test scores from high school are also shown. Trends since 1968 are also indicated on eight subject tests. After briefly reviewing trends in test scores, it is noted that GRE scores provide information useful for graduate school admission, but they do not provide information on the educational quality of college programs. The following kinds of information that would provide acceptable evidence of educational quality are identified: compilation of the titles and catalog descriptions of courses undertaken by students who complete different programs; questions that make up the examinations given in the courses that constitute representative programs of study; and results of course examinations that indicate the scope and depth of student learning. (SW)