The B.C. Council on Admissions and Transfer (BCCAT) is considering whether to commission a full study of the benefits of British Columbia's articulated post-secondary system. The purpose of this report is to provide information and recommendations on the issues, costs, and advantages that would be associated with such a benefits study. Earlier, BCCAT commissioned a study of the costs of the course and program articulation process between colleges, institutes, university colleges, and universities. British Columbia's post-secondary education system has been built around policies and procedures that facilitate transfer of academic course credits from two-year community colleges to universities. The course-based transfer system that evolved in the late 1960s continues to be the main vehicle for college-university transfer. It is probable that the transfer system will continue to be a central component of B.C.'s post-secondary education into the foreseeable future. A benefits study would confirm that the transfer system does have real and measurable benefits and would also lend support to efforts to collect better information concerning students' paths through the post-secondary system. Another use of a benefits study would be to provide a framework for assessing the value of making improvements in the existing system. But a benefits study would have costs: the direct costs of the study itself and the indirect costs for BCCAT and institutions whose staff would necessarily be involved in the project. Weighing these costs against advantages of having a benefits study, the report concludes that BCCAT should undertake a benefits study. Of the four study approaches discussed in the report, an approach with moderate complexity and comprehensiveness should offer a positive return on the costs of carrying out the study. Exactly which one should be chosen will depend on BCCAT's budget for a benefits study and how soon it would like the study completed. (Contains 1 table and 9 endnotes.)