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Survival and ROC analyses were conducted using a nationally representative sample from the National Longitudinal Survey of Youth (NLSY-97) to investigate dropout from four- and two-year colleges. We found that dropout from four-year colleges seems to follow what may be considered a more “traditional” pattern based on prior literature. Students were less likely to drop out of four-year schools if they had higher high school GPAs and came from families with higher household incomes. Predictors of two-year college dropout are largely different (and sometimes the opposite) from predictors of four-year college dropout, yet the dynamics of dropout follow a similar pattern at both types of schools, with approximately 25% of dropout occurring in the first semester.