Graduate education in the United States and issues related to the survival of scholarship are addressed. Ways to balance undergraduate, graduate, and professional studies are considered, including issues related to research training and the undergraduate major. It is suggested that graduate schools coordinate their emphasis on general education with undergraduate colleges. Topics of discussion include: the dominance of the Ph.D. as the credential for college teachers; the effects of graduate education on undergraduate teaching; the shrinking of the collegiate student body and its implications for the need for scholars in the future; the role of general education in the preparation of scholars; the need for perspectives on foreign cultures in the scholar's training; distinctions between traditional graduate divisions and professional schools; tensions between colleges (within and separate from universities) and the graduate divisions of universities; moral and ethical concerns of those engaged in research; and the degree to which concern for equality of opportunity in education might change the quality of scholarship. Appendices provide brief narrative descriptions and statistical tables on trends in graduate education, including enrollments, the number of institutions offering graduate degrees, and sources of student support. (SW)