Colleges usually refer to their six-year graduation rates rather than their four-year rates. But the four-year rate matters, especially to whoever is footing the bill. Among four-year institutions grouped by sector and residential classification, highly residential private nonprofit colleges had the highest four-year graduation rate in 2018, and they were the only category with an overall four-year rate above 50 percent. Only two private nonprofit institutions — and no public institutions — had four-year graduation rates exceeding 90 percent for adjusted cohorts of first-time, full-time bachelor’s-degree-seeking students who began their studies in the fall of 2012.
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