The Returns to Education at Community Colleges: New Evidence from the Education Longitudinal Survey

I use nationally representative data from the Education Longitudinal Survey (ELS) to update the literature on returns to community college education. I compare the experiences of the ELS cohort that graduated high school in 2004 with those of the National Education Longitudinal Survey (NELS) cohort that graduated high school more than a decade earlier, in 1992. I estimate that community college students from the ELS cohort were more likely to be employed, and that those who were earned about 21 percent more than comparable peers with only a high school education. This estimate is at least as large as that observed for the NELS cohort, though I find some evidence that the value of an associate's degree is smaller for the more recent cohort. I compare these results with those from the burgeoning body of research using state administrative data to answer similar questions.