This article is a report of the findings from a sample of approximately 2,700 students and 1,000 faculty in the first 50 Teacher Education Accreditation Council (TEAC)-accredited programs for which the online surveys were used. The sample represents nearly all the full-time faculty members surveyed and approximately 30% of the students. On the common questions in the surveys, the findings from all the cooperating teachers' surveys are indistinguishable from those of the sample (Murray, 2011b). The student sample also is representative of all those surveyed, as their grade point averages (GPAs) were insignificantly different from the GPAs of those reported by the programs about all of their students (as verified by the TEAC auditors on site (Murray, 2010). The results show that students and faculty rated all aspects of their programs in the more than adequate to excellent range (4.00-5.00). These results contrast with those of the prevailing narratives that teacher education is broken and that today's new teachers are unprepared for their roles. (Contains 3 tables.)