In an effort to understand the behavior and choices of Oregon's high school graduates, the Oregon University System conducted a telephone survey of a random sample of the Oregon high school graduating class of 2001. This biennial study, fifth in a series begun in 1993, seeks to identify the proportion of the graduating class that attended a postsecondary institution, the type of institution, and the reasons for that choice. College Enrollment rates for the class of 2001 show a continuing rise over previous classes and exceed those for the United States as a whole. More than 68% of survey respondents were enrolled in a postsecondary institution during fall 2001, with an additional 6.3% enrolling winter term. With the additional enrollment over the next 18 months, the college attendance rate of the class of 2001 could reach over 90%. Among all the high school graduates surveyed, 42.2% are attending a four-year university or college after winter term, and 32.4% have chosen a two-year college. About 11.4% of respondents left Oregon for a four-year college elsewhere. The rate of students attending college out of state continues to decline in Oregon. The major reasons for choosing a college were related to academic reputation, availability of a desired major, costs to students, and proximity to (or distance from) home. Half of all respondents reported that they were awarded a scholarship from their school, and more than one-third obtained student loans. The report also provides information about the most popular majors and student goals. Information on students not choosing to attend college shows that inability to afford it, desire for a break from school, and a work schedule that precludes college are the most frequent reasons cited. Three appendixes contain a discussion of the representative nature of the sample, comments from survey respondents, and the survey instrument. (Contains 22 tables.) (SLD)