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The National Graduates Survey (NGS) examines the labour market experiences of graduates from Canadian public universities, CEGEPs [Colleges d'enseignement general et professionnel], community colleges and trade/vocational programs. The survey's primary objective is to obtain information on the labour market experiences of graduates entering the labour market, focusing on employment, occupations and the relationship between jobs and education. The NGS interviews graduates two and five years after graduation. To date, six graduating classes have been surveyed: 1982, 1986, 1990, 1995, 2000 and 2005. This report presents the first results of the 2007 National Graduates Survey (Class of 2005). It looks at graduates who completed the requirements or graduated from a college or university bachelor, master or doctoral program in 2005. Data for graduates of trade/vocational programs are not presented in this report. The first section describes the characteristics of graduates from college, bachelor, master and doctorate level programs. The second section focuses on experiences after graduation including pursuing further education and labour market activities. Section three presents information on the financing of postsecondary education, its relation to education level and labour market outcomes. The final section focuses on co-operative education and international studies and their relationship with labour market outcomes and student debt.