This study was designed to explore perceptions of faculty and adult learner readiness to teach and learn in undergraduate gateway courses. Both faculty and adult students perceived that experience contributed to their readiness. However, they disagreed about the adequacy and quality of each other's experience. Faculty felt that their academic credentials and teaching experience of any kind readied them to teach adult students. Learners perceived that instructors who were not adult-focused were not ready to teach gateway courses despite being knowledgeable in the course content. A second mismatch in perceptions involved the stress faculty placed on the importance of foundational skills as opposed to that of the learners, who felt that their work and life experiences, coupled with motivation to learn, made them academically ready to succeed in most subject areas. Findings suggest that readiness is fluid, situational, and needs to be reinforced and renewed.