More than 70 percent of the students who access higher education in Washington do so first at a two-year institution. Washington's two-year colleges account for a higher percentage of public and private college student enrollments (49 percent) than in the United States in general (34 percent). The Higher Education Coordinating Board's (HECB)…

An important number of high-school graduates start their post-secondary educational careers at academic 2-year colleges even though returns to graduation are negligible. However, the returns to transferring to 4-year colleges are large: academic 2-year colleges act as a "stepping stone" in which agents learn about themselves in a cheaper and less…