This article describes how people with bachelor's and even advanced degrees are using two-year colleges as a form of graduate school. It defies the stereotype of community college as a place of last resort, and counters the norm of the first-time college students earning an associate degree and then transferring to a four-year institution. For the experienced, returning student, the appeal of a community college is wide. Tuition is a fraction of what they would pay at universities. Academic programs that the students enroll in typically boast high placement rates into living-wage jobs after only a year or two, compared to the longer path at universities. And community colleges are so numerous and conveniently located that some students work full time while enrolled. The range of academic programs attracting university graduates is also wide. Educators say the most common include nursing, graphic arts, paralegal, fire safety and home remodeling and repairs--all fields in which it would be difficult to outsource work overseas yet fields in which workers are currently in high demand. Educators say the students holding bachelor's are back in school for a variety of reasons. Some haven't found jobs in the field in which they were educated, or they're dissatisfied with their jobs. Others have worked for many years in one field and want to try something new. Still others have lost their jobs to layoffs and consolidations in today's harsh merger-acquisition climate.