In Phase I of a study, all students (n=4,488) enrolled in schools in the Minnesota Association of Private Postsecondary Schools (MAPPS) completed a quality assessment instrument to evaluate their school. In Phase II, a sample of 2,000 students who completed the initial assessment were followed up to measure completion, placement, and student satisfaction. The response rate was 40.2 percent. Findings indicated two-thirds of all students had completed their program; completers were more likely to work full time, find jobs related to training, and receive additional training on-the-job and in the classroom; and completers and noncompleters reported relatively low wages. Noncompleters reported lower levels of satisfaction; completers reported much higher levels of satisfaction. Students appeared dissatisfied not with the instructional program but with other school services such as admissions and financial aid. Cosmetology students were most likely to complete the program and find full-time employment. Business students had the lowest completion rate and highest noncompletion rate; they included the largest group of students who remained in school. Eighty percent of cosmetology students and 75 percent of trade/technical students would recommend their school compared to 57 percent of business students. (Appendixes include 11 references; frequencies for all students; norms for business, trade/technical, and cosmetology students; and questionnaire.) (YLB)