It's Bob & Elliott. Watch Out Girls!!

 Rather like this photo, the boys in football gear chatting up the girls in a hot roadster in a college setting.  

                 Bob and Elliott Nugent in So This Is College (1929)

The photo works as well when the brown from aging is removed.  

The boys, Bob and Elliott Nugent, were friends back in New York.  They look comfortable together.  Bob is 25 and Elliott 33.  Oh, a tad on the old side for college, but they fit in better than the padding they were given to look more athletic.  

I prefer the closer cropping in the B&W photo.  

And my favorite shot.  Love the hair.