The purpose of this study was to explore student perceptions of institutional values at a public research extensive institution. Students were asked to respond to the Character Education Values and Practices Inventory (CEVPI, Chen, 2005). In this study, input refers to student characteristics at the time of entry to the institution as in Astin’s (1993) input-environment-outcome (I-E-O) model. Environment referred to the programs, policies, faculty, peers, and educational experiences to which the students were exposed, and outcome referred to student’s values as shaped by exposure to the environment. Among undergraduates, the values, independent and ambitious were ranked the highest from a list of 43 possible choices.