Studies conducted by the University of California and California State University, concerning the time students take to complete the baccalaureate degree, are synopsized and reported. The methodology, findings, and conclusions of each report are provided separately, and the reports themselves are appended, along with the survey instruments. A synopsis of the two reports shows several similarities in their findings: (1) a cluster of factors in both reports concerning students' financial needs and corresponding needs for extensive employment and a lower courseload; (2) changing majors; (3) difficulty in getting required classes; (4) taking courses for personal interest rather than for degree requirements; and (5) needing better or more timely advising. Two recommendations are made: that the California Student Aid Commission carefully consider the implications of these studies in determining whether changes are needed in California's student aid programs; and that both universities should continue to try to reduce the negative causes of delayed graduation and should take action to improve academic advising and access to required courses. Contains 10 references. (KM)