National Center for Education Statistics

Table 02. Number of full-time, first-time degree/certificate-seeking undergraduate students in the adjusted cohort, number of completers, and graduation rate within 150 percent of normal program completion time at Title IV institutions, by control of institution, level of institution, and type of aid received: United States, cohort years 2016 and 2019
Level of institution and type of aid received							Private
	All institutions			Public			Nonprofit			For-profit
	Adjusted cohort	Completers	Graduation rate	Adjusted cohort	Completers	Graduation rate	Adjusted cohort	Completers	Graduation rate	Adjusted cohort	Completers	Graduation rate
All institutions (cohort years 2016 and 2019)
All students	2,566,728	1,399,815	54.5	1,783,628	897,906	50.3	519,745	351,267	67.6	263,355	150,642	57.2
Received Pell Grant	1,090,307	489,902	44.9	740,109	296,225	40.0	165,712	90,440	54.6	184,486	103,237	56.0
Received Direct Subsidized Loan, but not a Pell Grant	353,536	221,499	62.7	205,976	120,181	58.3	121,734	84,188	69.2	25,826	17,130	66.3
Received neither a Pell Grant or a Direct Subsidized Loan	1,122,885	688,414	61.3	837,543	481,500	57.5	232,299	176,639	76.0	53,043	30,275	57.1
4-year institutions (cohort year 2016)
All students	1,753,075	1,072,122	61.2	1,198,970	709,528	59.2	501,256	340,118	67.9	52,849	22,476	42.5
Received Pell Grant	618,858	304,509	49.2	434,043	208,356	48.0	152,507	82,819	54.3	32,308	13,334	41.3
Received Direct Subsidized Loan, but not a Pell Grant	307,494	198,663	64.6	181,056	112,314	62.0	120,323	83,132	69.1	6,115	3,217	52.6
Received neither a Pell Grant or a Direct Subsidized Loan	826,723	568,950	68.8	583,871	388,858	66.6	228,426	174,167	76.2	14,426	5,925	41.1
4-year bachelor's cohort (cohort year 2016)
All students	1,521,134	988,913	65.0	1,021,180	651,671	63.8	476,792	329,179	69.0	23,162	8,063	34.8
Received Pell Grant	495,449	263,406	53.2	343,990	182,213	53.0	138,490	77,197	55.7	12,969	3,996	30.8
Received Direct Subsidized Loan, but not a Pell Grant	289,709	190,666	65.8	170,674	108,555	63.6	116,065	80,773	69.6	2,970	1,338	45.1
Received neither a Pell Grant or a Direct Subsidized Loan	735,976	534,841	72.7	506,516	360,903	71.3	222,237	171,209	77.0	7,223	2,729	37.8
4-year other than bachelor's cohort (cohort year 2016)
All students	231,941	83,209	35.9	177,790	57,857	32.5	24,464	10,939	44.7	29,687	14,413	48.5
Received Pell Grant	123,409	41,103	33.3	90,053	26,143	29.0	14,017	5,622	40.1	19,339	9,338	48.3
Received Direct Subsidized Loan, but not a Pell Grant	17,785	7,997	45.0	10,382	3,759	36.2	4,258	2,359	55.4	3,145	1,879	59.7
Received neither a Pell Grant or a Direct Subsidized Loan	90,747	34,109	37.6	77,355	27,955	36.1	6,189	2,958	47.8	7,203	3,196	44.4
2-year institutions (cohort year 2019)
All students	683,269	242,687	35.5	567,884	177,201	31.2	14,283	8,281	58.0	101,102	57,205	56.6
Received Pell Grant	382,809	128,966	33.7	297,895	81,927	27.5	10,721	5,952	55.5	74,193	41,087	55.4
Received Direct Subsidized Loan, but not a Pell Grant	35,691	15,133	42.4	24,223	7,390	30.5	1,088	779	71.6	10,380	6,964	67.1
Received neither a Pell Grant or a Direct Subsidized Loan	264,769	98,588	37.2	245,766	87,884	35.8	2,474	1,550	62.7	16,529	9,154	55.4

Less-than-2-year institutions (cohort year 2019)
All students	130,384	85,006	65.2	16,774	11,177	66.6	4,206	2,868	68.2	109,404	70,961	64.9
Received Pell Grant	88,640	56,427	63.7	8,171	5,942	72.7	2,484	1,669	67.2	77,985	48,816	62.6
Received Direct Subsidized Loan, but not a Pell Grant	10,351	7,703	74.4	697	477	68.4	323	277	85.8	9,331	6,949	74.5
Received neither a Pell Grant or a Direct Subsidized Loan	31,393	20,876	66.5	7,906	4,758	60.2	1,399	922	65.9	22,088	15,196	68.8

NOTE: Title IV institutions are those with a written agreement with the U.S. Department of Education that allows the institution to participate in any of the Title IV federal student financial assistance programs. United States includes the 50 states and the District of Columbia. The four U.S. service academies that are not Title IV eligible are included in the Integrated Postsecondary Education Data System (IPEDS) universe because they are federally funded and open to the public and are included in this table. The graduation rate was calculated as required for disclosure and reporting purposes under the Student Right-to-Know Act. This rate was calculated no later than August 31, 2022 as the total number of completers within 150 percent of normal time (e.g., "normal" program completion time for a bachelor's degree would be 4 years) at the same institution where the student started divided by the adjusted cohort (revised cohort minus any allowable exclusions). The revised cohort is the number of students entering the institution as full-time, first-time degree- or certificate-seeking undergraduates in the reference year. Allowable exclusions include those students who died or were totally and permanently disabled; students who left school to serve in the armed forces (or have been called up to active duty); those who left to serve with a foreign aid service of the federal government, such as the Peace Corps; and those who left to serve on official church missions. Definitions for terms used in this table may be found in the IPEDS online glossary located at https://surveys.nces.ed.gov/ipeds/public/glossary. The glossary is primarily focused on terms used in the current IPEDS collection and may not reflect the definitions in effect when the data in this table were collected.

SOURCE: U.S. Department of Education, National Center for Education Statistics, IPEDS, Winter 2022–23, Graduation Rates component (provisional data).

National Center for Education Statistics

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