Approximately 58 percent of full-time, first-time students attending 4-year institutions in 2004 who were seeking a bachelor’s or equivalent degree completed a bachelor’s or equivalent degree within 6 years at the institution where they began their studies. The percentage of full-time, first-time students attending 4-year institutions in 2004 who were seeking a bachelor’s or equivalent degree who graduated in 4 years was higher at nonprofit institutions (52 percent) than at public (31 percent) or for-profit institutions (20 percent). Graduation rates of full-time, first-time students in 2006 increased from 23 percent to 37 percent at 2-year institutions and from 45 percent to 70 percent at less-than-2-year institutions when the time students were tracked was extended from within 100 percent of normal time to program completion within 200 percent of normal time.
Source: IES National Center for Educational Statistics: Enrollment in Postsecondary Institutions, Fall 2010; Financial Statistics, Fiscal Year 2010; and Graduation Rates, Selected Cohorts, 2002–07. Compiled By Scott Swail.