UNC Chapel Hill has an interesting grade system for grad students that emphasizes that grades don't matter much. There are only three major grades: H (high pas

UNC Chapel Hill has an interesting grade system for grad students that emphasizes that grades don't matter much. There are only three major grades: H (high pass), P (pass), and L (low pass). Well, and and F, technically, but you are kindly asked to leave if you get an F. You can have at most one L. You need to maintain a slightly above P average to be admitted to the PhD program.