The study reported in this paper was conducted to determine how the implementation of a 1993 differential fee policy in California that charges higher fees to students with a bachelor's degree will affect the enrollment of students with bachelor's degrees, and how this policy may change the overall enrollments of the California community college system. Enrollment data were collected from individual institutions, the Office of the Chancellor of the California Community Colleges, state community college systems outside California, and the Center for the Study of Community Colleges, which provided nationwide statistics. Results of the study included the following: (1) before the fee increase, approximately 7% to 15% of California's community college students held a bachelor's degree or higher, with the attendance rate of college graduates increasing gradually in recent years; (2) there was an overall increase in student enrollment in California community colleges between 1990 and 1992; (3) while college enrollments were up 3% nationwide, California experienced a nearly 9% drop in enrollment in spring 1993; (4) California experienced a systemwide drop of nearly 50% in baccalaureate or higher level students in spring 1993, representing a 4% overall student loss; and (5) the number of full-time equivalent students is declining, with students taking fewer units. A bibliography, a list of tables, and the survey instrument are included. (MAB)