This research report examines the comparative educational condition of Latinos in the United States. The report discusses the dramatic shortfalls that plague the educational outcomes of Latinos relative to other racial and ethnic groups. The outcomes studied include educational attainment, school and university enrollment, basic cognitive skills, student achievement and advanced academic skills, non-cognitive skills, political and civic participation, and labor market outcomes. The report then proceeds to examine the main reasons for these inequities, discussing the comparative status of Latinos in terms of the three basic forces or inputs affecting schooling: socioeconomic background, the family and parental involvement, and the condition of pre-schooling and schooling. The research report concludes with policy recommendations intended to bridge the existing shortfalls in the educational status of Latinos. From investments in pre-schooling to the design of school-to-work programs, the report presents a wide array of choices in educational policy arena. (Contains 26 tables and 2 figures.)