This report provides system-level graduation and retention rates for the University of North Carolina (UNC), with campus-level and corresponding peer benchmarks appended. Where possible, corresponding national rates are reported as well. In nearly all measures, UNC surpasses these national rates. In addition to overall graduation rates, this report examines variations in graduation rates by race, Pell grant status (a proxy used to indicate low income), and gender. Additionally, age groups are combined with race to compare racial representation in UNC graduates to the general North Carolina population. Measuring rates of student retention and graduation are important indicators of success at institutions of higher education. Commonly used measures of student success utilize indicators from the US Department of Education's Integrated Postsecondary Education Data System (IPEDS) for first-time, full-time freshmen who enter in the fall semester. Their widespread use enables institutions to benchmark student achievement against national trends and peer institutions. Despite frequent use of these data, IPEDS excludes transfer students, part-time students, and students entering in the spring semester. These excluded students represent slightly more than one-third of the 2015 UNC undergraduate student population. The IPEDS metric gives no credit to the institution from which a student first enrolled if a student transfers and graduates at another institution. Because of the significant impact transfer and part-time students have at all UNC institutions, UNC General Administration reports alternative measures of success to the UNC Board of Governors and the public in its annual "Retention and Graduation Report." [For the previous year's report, see ED586196.]