The trimester based academic system is designed to provide greater flexibility in course offerings and availability. Furthermore, the system is believed to help students focus better in their subjects while at the same time enhancing their level of comprehension. This study examined the outcomes of the implementation of the trimestral scheme of the regular graduate programs offered by the University of San Jose-Recoletos as evaluated by the students (both currently enrolled and alumni) and the professors. The core components of the scheme being evaluated were: time frame, course achievement and content and financial concerns. In terms of the effectiveness of the scheme when measured according to the three factors, the currently enrolled students and professors found the program to be effective, but for the former students and alumni, the program was perceived to be less effective. As to the problems encountered, except for the professors, the students as well as the alumni opined that they encountered serious problems in the course of pursuing their studies under the trimestral schedule.