In 2010, the Southern Regional Education Board (SREB) convened an advisory panel of state leaders to study college completion, answer key questions and make policy recommendations to guide states toward improvement. The commitment of these leaders and philanthropic groups to address the problems of college completion--both nationwide and in SREB states--underscores the consensus and urgency surrounding the issue. Policy-makers must first know where their states currently stand. This report begins with a short profile of the demographic changes challenging SREB states. Next, it documents the number of recent high school graduates who enroll in college, and then traces whether these students persist into their sophomore year and complete a college degree or certificate. The report answers four key questions about how effectively students in SREB states are moving into college and leaving with degrees and certificates: (1) Are increasing percentages of all groups of recent high school graduates in SREB states enrolling in two- and four-year colleges and universities? Are these rates exceeding national averages?; (2) Are greater percentages of freshmen in SREB states enrolling for a second year of college?; (3) Are the percentages of all groups of students in SREB states earning degrees or certificates from two- and four-year colleges and universities increasing to exceed national averages?; and (4) Are the proportions of adults with a college degree in SREB states increasing? Are SREB states' proportions exceeding national levels for all groups of students? Recommendations for Improving College Completion is appended. (Contains 5 tables, 1 box, and 3 figures.)