Justin Greis, an ambitious business major in his junior year at Indiana University, Bloomington, wants to be a partner at a major law or accounting firm. Yet when Ernst & Young, the accounting giant, offered him a rare post-sophomore year summer internship, he turned it down. Instead, he helped teach a rigorous summer seminar to incoming freshmen for $100 a week. Greis attributes his 3.9 GPA, among other accomplishments, to the sense of belonging he developed two years ago in the university's Intensive Freshman Seminar program. "I learned how to study there and made some of my best friends. It was...
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