This study, one of several examining a decline in the predictive validity of the Scholastic Aptitude Test (SAT) and high school grades between 1975 and 1988, asks whether the criterion, freshman grade point average (FGPA), has changed. College Board tests usually thought of as predictors were used as proxies for the concurrent academic competencies that comprise FGPA. Academic components, defined by combinations of SAT, Test of Standard Written English (TSWE), and Achievement Test scores and high school grade point average, included verbal and mathematical reasoning ability, mathematics, language, and writing skills, and knowledge of science and history. Confirmatory factor analysis was used to test the consistency between 1978 and 1985 of the relationship between academic factors and FGPA. Primary results indicate that FGPA has been stable from 1978 to 1985 in relation to the abilities, skills, and subject knowledge measured by the SAT, TSWE, Achievement Tests, and high school grade point average. No evidence was found that a change in meaning of the FGPA has contributed to a decline in predictive validity of the SAT and high school grades. (Contains 14 tables, 2 figures, and 13 references.) (SLD)