This report on outcomes in New Jersey's public colleges and universities has the following key findings: (1) total undergraduate enrollment decreased by approximately 15,000 students between 1992 and 1997 as a result of declining part-time enrollment and despite an increase of 8,000 in full-time undergraduate enrollment during the same period; (2) the proportion of minority students enrolled is growing, especially among Hispanic and Asian populations; (3) institutions' spending levels relative to peer institutions varied according to sector, with research institutions spending significantly less than their peer institutions and other state and community colleges spending more than national averages; (4) tuition and fees exceed national averages and account for an increasing share of institutional revenues although New Jersey is a leader in providing need-based student aid; (5) graduation rates generally equal or surpass national averages; (6) as is seen nationally, degree completion time is considerably longer than traditional "catalog time"; (7) community college graduation-plus-transfer rates demonstrate a similar pattern of completion delay; and (8) when graduation rates are analyzed in terms of student characteristics, most New Jersey institutions outperform predictions, indicating a positive impact by the institutions. (Contains 21 references.) (DB)