For-profit colleges had the highest graduation rate for two-year programs: 43 percent of students finished within two years, and 65 percent within four years. Community colleges had the lowest, with a 21 percent two-year graduation rate and a 38 percent four-year graduation rate. Many community colleges object to the federal methodology of measuring graduation rates because it does not count transfer students or students who are returning to college after dropping out.
The annual survey for the Integrated Postsecondary Education Data System also found that 18.2 million undergraduates were enrolled at colleges in fall 2012, with a slight majority at four-year colleges.
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