This report addresses the problem of retaining and graduating college students, particularly black students, in 4-year college programs. Seven key ideas are suggested: (1) colleges granting admission to students who lack adequate preparation should offer appropriate developmental or remedial support to these students; (2) colleges should ensure that enrolled students have adequate financial resources; (3) the college should provide a structure where at least one person is deeply concerned about each individual student; (4) the college should provide opportunities for each student to achieve a sense of belonging and purpose; (5) colleges should rigorously assess their educational programs for meeting students' needs; (6) colleges should modify practices and policies which impede student retention; and (7) the college should keep accurate records of student retention/graduation. In addition, three established practices (such as extensive lecturing) in American colleges are questioned with regard to their effect on student retention. Finally, it is noted that if the steps discussed are going to be implemented, vigorous leadership will be required. Contains nine references. (GLR)