This report provides a "first look" at selected findings from the 2012/14 Beginning Postsecondary Students Longitudinal Study (BPS:12/14). It is based on final data describing a nationally representative sample of undergraduates who entered postsecondary education for the first time during the 2011-12 academic year. BPS:12/14 covers the experiences of these first-time beginning students over 3 academic years, 2011-12, 2012-13, and 2013-14, and provides information about the rates at which students completed degrees or certificates as well as the rates at which they persisted at the same institution, transferred to other institutions, or left postsecondary education without completing degrees or certificates. The findings presented in this report have been chosen to demonstrate the range of information available when using BPS data rather than to discuss all of the observed differences, and they are not meant to emphasize any particular issue. The first-time postsecondary students in the BPS:12/14 study were identified in the 2011-12 National Postsecondary Student Aid Study (NPSAS:12). NPSAS:12 is a nationally representative sample of about 95,000 undergraduate and 16,000 graduate students attending about 1,500 Title IV eligible postsecondary institutions in the 50 states and the District of Columbia. First-time beginners in the BPS:12/14 study participated in two interviews: in 2012, at the end of their first year in postsecondary education, and 3 years after they had started postsecondary education in 2014. The following are appended: (1) Glossary; and (2) Technical Notes and Methodology.