The state of Georgia’s HOPE scholarship program guarantees fully paid tuition to Georgia public universities for Georgia high school seniors who have a B average in academic requirements as long as they maintain a B average in college. Of 137 randomly selected students enrolling in the Ivan Allen College at the Georgia Institute of Technology (social science and humanities majors) in 1996 who had a B average going into college, 53.2% had a GPA below 3.0 at the end of their first year (“Who Loses HOPE? Attrition from Georgia’s College Scholarship Program,” Southern Economic Journal [1999]: 379–390). Do these data provide convincing evidence that a majority of students at Ivan Allen College who enroll with a HOPE scholarship lose their scholarship?