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Community colleges play a critical role in U.S. higher education and in the economy. For many who cannot afford a traditional four-year college, these two-year colleges are a pathway to economic opportunity. With the current economy in crisis, their role is magnified.
A new report, Community Colleges: A Route of Upward Economic Mobility, by St. Louis Fed economist Natalia Kolesnikova, looks at both the benefits and downsides of community colleges and the types of students they attract: their goals, educational choices and outcomes.
The report is available in PDF.
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Fed in Print: An index of the economic research conducted by the Fed.