In this new report from the Signature series, the National Student Clearinghouse Research Center, in partnership with the Indiana University Project on Academic Success, presents findings on two- to four-year transfer students, focusing on their baccalaureate completion within six years after transfer. The report examines baccalaureate completion and persistence outcomes for students who transferred with and without completing a two-year credential. Completion and persistence outcomes are also reported by: (1) Gender and enrollment intensity; (2) Transfer institution type; (3) Length of pretransfer enrollment at a two-year institution; and (4) Time lapse between two- and four-year institution enrollments. In an additional new direction, the report also offers results by the Carnegie classification of the transfer institution. Finally, a special analysis provides a side-by-side comparison of the eight- and nine-year completion rates of transfer students and students who started at a four-year institution.