The research reported here is part of a larger study investigating differences between successful and unsuccessful (withdrawing) undergraduates at the University of Texas. It focuses on a 36-item list of problems which were rated by 647 withdrawing students during Fall 1969. Responses were subjected to a principal axis factor analysis and rotated by varimax procedure to yield 10 factors tentatively named: low academic stimulation, institutional academic dependency, social isolation, masculinity conflicts, career uncertainty, marital-engagement problems, employment-financial problems, social gregariousness, low academic skills, and demographic adjustment. Three groups of withdrawing students were compared on factor scores developed from the 10 factors and were found to differ significantly on 6 of the variables. Theoretical and practical implications are discussed. (Author/JS)