The purpose of this report is to present the background and findings of a study conducted at Chemeketa Community College (CCC) during 1978-79 in which survey information gathered from former students and their employers was applied to a cost-benefit model to determine the usefulness of nine vocational programs. These programs were early childhood education, computer programming, fire science, forest technology, forest products, machine shop, medical assisting, nursing, and well drilling. After defining the place of the cost-benefit study within CCC's overall Program Improvement Plan, the report summarizes the data gathered from Spring 1978 graduates. Age, characteristics, employment status, sources and amounts of financial aid, and perceptions of non-economic benefits are provided for graduates of each program. The report then outlines the findings related to non-graduating students who began programs in 1976, in terms of their educational objectives, reasons for leaving, attitudes toward CCC, employment/educational status, and perceptions of non-economic benefits of program participation. Employers' attitudes toward the job skills of graduates are then presented, followed by an explanation of the cost-benefit model, in which a matrix summarizing instructor cost per course and student was used along with survey findings to provide cost-benefit ratios for each of the program areas. (JP)