This report presents data on the degrees conferred by the nation's accredited institutions of higher education. The report is based on the 1994-95 Integrated Postsecondary Education Data System's "Completion" survey of approximately 3,500 institutions within the 50 states and the District of Columbia. Highlights of the report include: 2.2 million degrees were awarded during the year (an increase of 0.5 percent over the previous year) of which 52.3 percent were bachelor's degrees; the majority of degrees were awarded by public institutions; the majority of degrees awarded at the master's level and below were to women; three-quarters of all degrees were awarded to white students, 17.2 percent to minority students, and 7.8 percent to nonresident aliens (although nonresident aliens received 25 percent of all doctoral degrees); the share of degrees awarded to minorities was highest at the associate degree level and dropped at each successive degree level; and over 19 percent of first-professional degrees were awarded to minorities; almost one-fifth of all bachelor's degrees were in business management/administrative services; degrees in math and science comprised only 2.8 percent at the bachelor's level, but over 20 percent at the doctoral level. A glossary is included. (DB)