Over the past few years, Distance Education enrollments grew each year, even as overall higher education enrollments have declined. Even so, the overall Distance Education enrollment numbers do not tell the whole story. Based on data accumulated by the U.S. Department of Education's Integrated Postsecondary Education Data System (IPEDS) surveys from the Fall of 2014, this report highlights differences by sector, graduate vs. undergraduate study, student location, and by the number of institutions educating students at a distance. The aim is to enlighten readers about the current state of the industry through graphs, data tables, observations, and commentary based on the authors' insights.