We present a self-reflective assessment of higher education from the perspective of educators and administrators prompted by a common question addressed to many of us, perhaps hundreds of times in the year; "What's my grade?" Upon some scrutiny, we find a series of troubling interrelated issues that more or less depict a system of higher education adrift in a sea of maladies and its course in need of correction, lest a total "wreck" befall the system.