This report provides a snapshot of certain aspects of transfer student success and costs using data from four transfer cohorts matriculating at four-year institutions between 2006-07 and 2009-10. These cohorts allowed for the tracking of students post-transfer for up to six years. Transfer efficiency can have a direct and significant effect on the cost of a four-year degree. The rising cost of higher education has many students, families, and policy makers looking for ways to reduce the cost of a bachelor's degree. For many students, a transfer pathway is not only a cost effective means of earning a bachelor's degree, it may be the only affordable means of doing so. However, to realize potential savings the transfer process must be efficient. An efficient transfer pathway can substantially reduce the cost of a bachelor's degree, upwards of 38% in some cases. A simplified cost model is presented in the last section of this report to illustrate the potential savings at stake. This report is divided into three sections. Section I reviews transfer enrollment trends. Section II delves into post-transfer bachelor's degree completion rates. Section III illustrates potential benefits to cost-conscious families of utilizing a transfer-oriented baccalaureate pathway. "Institutional Completion Data" is appended.