A new “First Look” report from the Department’s National Center for Education Statistics (NCES) presents some preliminary findings from the spring 2012 data collection of the Integrated Postsecondary Education Data System (IPEDS). For example:
· In fall 2011, institutions enrolled 18.6 million undergraduate and 2.9 million graduate students. Among the 18.6 million undergraduates, 57% were enrolled in four-year institutions, 41% in two-year institutions, and 2% in less-than-two-year institutions.
· Approximately 59% of first-time, full-time students at four-year institutions in 2005 who were seeking a bachelor’s degree or equivalent completed a bachelor’s degree or equivalent within six years at the institutions where they begin their studies.
· During fiscal year 2011, public, four-year institutions and administrative offices received 19% of their revenues from tuition and fees, compared with 29% at private, non-profit institutions and 90% at private, for-profit institutions. Moreover, 29% of expenses at public, four-year institutions were for instruction, versus 42% at private, non-profit schools and 54% at public, less-than-two-year schools.