The University of North Carolina won the NCAA Basketball championship in 1993 beating the Fab Five University of Michigan team. This was Coach Dean Smith's last NCAA championship before he retired in 1997.
For more information see: http://www.answers.com/topic/1993-ncaa-men-s-division-i-basketball-tournament The score was UNC 77 - Michigan 71. Mostly the loss is attributed to Chris Webber calling a timeout when none were available causing a technical foul. 2 shots and possession from the technical put it away for UNC.
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Arkansas beat Duke, 76-72, in the 1994 NCAA Men's Basketball Championship game.
North Carolina Tar Heels
1977 Marquette defeated North Carolina.
Villanova has won 1 College Basketball Championship and it took place back in 1985 defeating the Georgetown Hoyas.
Well, one is Magic Johnson who won an NCAA championship with Michigan State in 1979 and an NBA championship with the Lakers in 1980.