The most enduring symbol of the university is the Old Well, a small neoclassical rotunda based on the Temple of Love in the Gardens of Versailles, in the same location as the original well that provided water for the school.[83] The well stands at the south end of McCorkle Place, the northern quad, between two of the campus's oldest buildings, Old East, and Old West.
In 2011, the first of several investigations found fraud and academic dishonesty at the university related to its athletic program.[49] Following a lesser scandal that began in 2010 involving academic fraud and improper benefits with the university's football program, two hundred questionable classes offered by the university's African and Afro-American Studies department (commonly known as AFAM) came to light. As a result, the university was placed on probation by its accrediting agency in 2015.[50][51] It was removed from probation in 2016.[52]
The updated 247Sports rankings for the 2022 basketball recruiting class were released Wednesday. All of UNC's commitments made a significant shift. Point guard commit Seth Trimble jumped from 41 to 28 in the rankings. Center Jalen Washington fell from 22 to 49. Center Will Shaver fell from 103 to 141. And forward Tyler Nickel moved from No. 75 to No. 79. (Inside Carolina)

Kiplinger's Personal Finance in 2015 ranked UNC-Chapel Hill as the number one "best value" public college in the country.[152] The university also topped The Princeton Review's list of the Best Value Colleges in 2014.[153] Similarly, the university is first among public universities and ninth overall in "Great Schools, Great Prices", on the basis of academic quality, net cost of attendance and average student debt.[154]
Kiplinger's Personal Finance in 2015 ranked UNC-Chapel Hill as the number one "best value" public college in the country.[152] The university also topped The Princeton Review's list of the Best Value Colleges in 2014.[153] Similarly, the university is first among public universities and ninth overall in "Great Schools, Great Prices", on the basis of academic quality, net cost of attendance and average student debt.[154]
For decades, UNC-Chapel Hill has offered an undergraduate merit scholarship known as the Morehead-Cain Scholarship. Recipients receive full tuition, room and board, books, and funds for summer study for four years. Since the inception of the Morehead, 29 alumni of the program have been named Rhodes Scholars.[158] Since 2001, North Carolina has also co-hosted the Robertson Scholars Leadership Program, a merit scholarship and leadership development program granting recipients full student privileges at both UNC-Chapel Hill and neighboring Duke University.[159] Additionally, the university provides scholarships based on merit and leadership qualities, including the Carolina, Colonel Robinson, Johnston and Pogue Scholars programs.[160]
From the late 1990s and onward, UNC-Chapel Hill expanded rapidly with a 15% increase in total student population to more than 28,000 by 2007. This is accompanied by the construction of new facilities, funded in part by the "Carolina First" fundraising campaign and an endowment that increased fourfold to more than $2 billion within ten years.[45][46] Professor Oliver Smithies was awarded the Nobel Prize in Medicine in 2007 for his work in genetics.[47] Additionally, Professor Aziz Sancar was awarded the Nobel Prize in Chemistry in 2015 for his work in understanding the molecular repair mechanisms of DNA.[48]
While students previously held "Beat Duke" parades on Franklin Street before sporting events,[185] today students and sports fans have been known to spill out of bars and residence halls upon the victory of one of Carolina's sports teams.[186] In most cases, a Franklin Street "bonfire" celebration is due to a victory by the men's basketball team,[187][188] although other Franklin Street celebrations have stemmed from wins by the women's basketball team and women's soccer team. The first known student celebration on Franklin Street came after the 1957 men's basketball team capped their perfect season with a national championship victory over the Kansas Jayhawks.[189] From then on, students have flooded the street after important victories.[189] After a Final Four victory in 1981 and the men's basketball team won the 1982 NCAA Championship, Franklin Street was painted blue by the fans who had rushed the street.[189] This event has led local vendors to stop selling Carolina blue paint as the Tar Heels near the national championship.
Justin McKoy grew up like a lot of kids in the state of North Carolina. He wanted to be a Tar Heel. "I'd always mimic playing basketball in the house with my brother," McKoy said. "It would be like Justin from Carolina playing against his brother from Duke." Entering his junior season, McKoy is finally getting the chance to live out his childhood fantasy. (WRAL Sports Fan)
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