The topic of grade inflation, the awarding of too many "A's" and "B's", is frequently mentioned in the literature on higher education. Many educational philosophies have suggested ways to evaluate students fairly. Some professors have used the bell-shaped curve as a model, giving grades according to the normal distribution curve regardless of the quality of students in the class. There are many reasons why this does not work well, and the practice may result in too many students getting poor grades. Portfolios have become an increasingly common way to evaluate the achievement of college students. As a purposeful collection of knowledge and products or skills of the student, the portfolio may contain several types of materials. They have the advantage of revealing connections to what has been learned, rather than the demonstration of achievement in isolation. Subjectivity is involved in grading no matter the approach taken. Even the term "grade inflation" is subjective. However, each university instructor needs to be accountable and fair in giving grades to students. (SLD)