This report from the Annenberg Institute for School Reform discusses whether or not New York City (NYC) public high school graduates are prepared for college success. The author uses national research as well as NYC high school achievement and college admissions and performance data to address four key questions: 1) How should we think about being ready for college? 2) Are New York City public high school graduates ready for college? 3) Is the college readiness system adequate for promoting college readiness? and 4) If the answers to questions two and three are negative, what should we do? The author concludes that it is essential for high school students to have more challenging and rigorous academics in order to be prepared for expectations in college. Students also need more exposure to college and its expectations before deciding where to attend and what they would like to study.