This dissertation examined interracial contact and racial prejudice among white, black, Asian, and Latino college students at 28 elite colleges and universities in the United States. The study used longitudinal analyses to identify how interracial contact among college students influenced students' racial prejudice. White students interacted almost exclusively with each other and with Asian students. Asian students interacted with each other and with white students. Latino students were the most integrated, they interacted with all other student groups at high rates. Black students were the most segregated in their interactions as students of other races had less interactions with them on campus. Cross-race interactions during college did not influence white students' exiting levels of traditional and modern racial prejudice. Cross-race interactions during college had limited influence on black and Asian students' exiting levels of racial prejudice, mostly for traditional forms of racial prejudice. Latino students exhibited the most interracial contact effects on their exiting levels of racial prejudice of all student groups with all traditional and modern forms of racial prejudice influenced by cross-race interactions. The consideration of race as a form of social identity was the most powerful influence on students' exiting levels of racial prejudice for all groups. The context of interracial contact at elite colleges and universities and the existence of racialized stages of interaction are discussed in the final chapter to understand the study findings. Lastly, a discussion of the potential implications of this study's results for future intergroup contact research is also presented.