The University of British Columbia's Planning and Institutional Research office prepared a research report for the BC Council on Admissions and Transfer (BCCAT) on the BC university graduating class of 1996 five years later. The report compared the outcomes for those students who were admitted to SFU, UBC, UNBC, and UVic as BC direct entry with those admitted as BC college transfer students. The report was published in April 2003 and was based on a survey conducted through a partnership of the four research universities, The University Presidents' Council, and the Ministry of Advanced Education. The results of the study showed "no major differences between direct entrants and college transfer graduates on most key outcomes, including satisfaction with the university experience, continuation of studies, unemployment rates, salaries, and social engagement". The differences that emerged between the two groups were in the area of student financing and debt. A similar outcomes survey was conducted on the university graduating Class of 2000, five years after graduation. This brief report examines the similarities and differences in outcomes between direct entry and transfer graduates within the Class of 2000 to test if the findings for the Class of 1996 noted above hold true for the two groups in a subsequent graduating class. This paper also reports on the extent of any differences between the Classes of 1996 and 2000 on the various outcomes. While the comparison shows differences in the outcomes of direct entry and transfer graduates between the two graduating classes of 2000 and 1996, what stays constant for the Class of 2000 are the similarities and differences between the direct entry and transfer graduates that were found in the Class of 1996 report. These include similar levels of program satisfaction, greater likelihood of direct entry students to study full-time, higher average debt levels and reliance on student loans to fund education for transfer graduates compared to greater reliance by direct entry graduates on family and friends, roughly equal levels of professional employment, and comparable levels of social engagement. Overall, the findings confirm the favourable impact of a baccalaureate education on university graduates no matter what their entry route to university, albeit at a higher financial cost for Class of 2000 students. (Contains 5 tables and 4 endnotes.)