Creating adequate talent pipelines for the cybersecurity workforce is an ongoing priority for the federal government. Understanding the effectiveness of current education initiatives will help policymakers make informed decisions. This report analyzes the National Centers of Academic Excellence in Cyber (NCAE-C), a consortium of institutions designated as centers of excellence by the National Security Agency. It aims to determine how NCAE-C designated institutions fare compared to other schools in graduating students with cyber-related degrees and credentials.