Data standards of the State Postsecondary Review Entities (SPRE) required under Title IV of the amended Higher Education Act are discussed, including how institutions can collect data to meet these standards. Background information is provided concerning the need for states to assume new oversight responsibilities concerning institutional eligibility to participate in Title IV financial aid programs. The functioning of SPRE in Virginia is considered, and an overview is provided on the Review Standards. The most problematic standard, Standard 17 for community colleges, is discussed in detail. This standard provides for graduation, withdrawal, job placement, and licensure pass rates. Data collection strategies relating to Standard 17 are presented both from a SPRE agency point of view, as well as from a community college perspective. Attention is focused on the results of a pilot review conducted at a Virginia community college by Virginia's SPRE by the State Council of Higher Education for Virginia. Methodologies for calculating rates of graduation, withdrawal, job placement, and licensure are explained, along with factors that can confound interpretation of results. Implications of evolving SPRE regulations are addressed. It is noted that continued federal funding for the SPRE program is uncertain in the light of recision bills. (SW)