In 2011, the Board of Regents (BoR), through the development and implementation of the Master Plan, advanced its vision for the future of postsecondary education by adopting the following three broad goals: (1) Increase the educational attainment of the State's adult population to the Southern Regional Education Board (SREB) States' average by 2025; (2) Invest strategically in university research; and (3) Achieve greater efficiency and accountability in the postsecondary education system. The Plan outlines objectives, activities, and performance measures to achieve these goals. Through these goals, related activities, and the measurable performance metrics, the Plan assures that its implementation will be monitored, evaluated, and reported throughout its duration. This is the third annual evaluation of the 2011 Master Plan and it reports: (1) In the first three years of Master Plan implementation, progress toward Goal 1 is evident in the increased preparation of high school graduates, the increasing number of students who are participating in the Louisiana Transfer degree program, and increasing graduation rates at public postsecondary institutions.; (2) In the first and second years of Master Plan reporting, Goal 2 metrics have remained relatively stable, with several research metrics, particularly those related to campus research expenditures, showing significant growth over baseline reporting. Unfortunately, recent significant reductions to higher education's state general fund appropriations have reduced campuses' discretionary funds to support faculty research projects, lab upgrades, start-up packages, library acquisitions, and other critical elements in advancing the culture and practice of state-of-the-art research; and (3) Progress towards Goal 3 has occurred through the continued implementation of the performance-based funding formula, participation in the second year of Complete College American (CCA) reporting, the implementation of an annual academic program review process, and the continued assessment of the BoR remedial education pilot program. In addition, during the last three years of Master Plan reporting, most institutions met their targeted GRAD Act goals, and were subsequently awarded increased tuition authority and retained their performance funding. The report concludes with a summary and analysis data of the second year of implementation of the 2011 Master Plan for the performance measures within each of the three overarching goals. Collectively and measured against the baseline, these data tell a story about the progress being made in Louisiana public postsecondary education and the areas which will require increasing focus in the coming years. [See: Second Annual Evaluation at ED562000.]