A study examined student outcomes at those schools and colleges that filed reports with the Accrediting Commission of Career Schools/Colleges of Technology during the 1990, 1991, and 1992 school years. The study focused on the following rates calculated separately for full- and part-time students: graduation, withdrawal, training-related placement, and default on Stafford loans. For each of the 3 years studied, nearly two-thirds of the full-time students leaving the accredited institutions graduated, and three-fourths of graduates found employment related to their area of study. Part-time students had lower (10-12%) graduation and training-related employment rates and higher (1-2%) withdrawal rates than full-time students did. Multiple-regression analysis of the relationships of the 4 outcomes studied to 25 measures of the schools' characteristics confirmed that the following program characteristics have consistent, statistically significant relationships with school performance: total enrollment, main branch or campus, dual accreditation, separate facilities, percentage of enrollment receiving financial aid, average program length in weeks, faculty turnover, and percentage of students classified as Ability to Benefit students. (Technical notes regarding study definitions and formulas are included.) (MN)