At Middleton College, controlled by rich donor Melton, only paying sports are allowed. But Freddie Frye, conniving student body president, has to get a letter in some sport to win back his girl Susie; he schemes to revive crew boat racing. Sinking boats, no money, and his own waistline stand in his way. Can they win the big race with State University?

En la universidad de Middleton, controlada por un rico donante, el presidente de los estudiantes ha de destacar en algún deporte para conquistar el corazón de su amada. El problema es que todos son de pago.