The demographic accounting approach was applied to educational data to trace the movement of individuals among educational states such as different grade levels. Procedures were developed to match individual records on successive years of the Current Population Survey (CPS). Transition rates from one grade to the next were calculated for male and female cohorts ranging in age from 3 to 24. These transition rates were successively multiplied to provide an expectancy for: (1) highest grade completed; (2) the probability of high school completion; and (3) the probability of college completion. Policy issues were addressed concerning the educational opportunities of males versus females who were above, below, or at the modal grade level for their age group and who were either enrolled or not enrolled in school. (Author)