For over two decades, there have been sustained efforts across the nation to increase high school graduation rates toward the goal of a 90 percent high school graduation rate for the Class of 2020 and improving educational outcomes for all students. The work of many educators, policymakers, organizations, and young people across the country resulted in significant gains for students from all backgrounds. While this will be the final report of the Grad Nation Campaign, with a look at the graduating cohorts of both 2020 and 2021, the work continues. Renewed efforts are underway to bring the same energy and focus the nation has dedicated to boosting high school graduation rates to ensuring all students have future pathways that link high school, training, postsecondary education, job opportunities, and civic engagement. The first section of this report examines efforts over the past 20 years to increase high school graduation rates and the progress it has helped spawn. The second section of this report will explore these high school graduation trends across the nation, focusing on the 2020 cohort and including data on the 2021 cohort to deepen our understanding of how COVID-19 impacted high school graduation outcomes. The report will also examine trends in postsecondary attainment. The third section of this report will focus on the work that remains and how the nation can reach a 90 percent high school graduation rate for all students, highlighting the continued progress of historically marginalized student subgroups and the equity gaps that remain. The fourth section of this report dives deeper with new analysis of the High School Longitudinal Study of 2009 on the prevalence of credit recovery and the Secondary School Improvement Index developed by the authors of this report. The report will conclude with policy recommendations and will chart a successor effort that puts all young people on a path to a thriving future.