This issue of "The Progress of Education Reform" summarizes recent research that may challenge conventional wisdom on how and where public resources for postsecondary education should be dedicated in an effort to increase college completion rates. Questions to be examined include: (1) How did changes in enrollments and the allocation of resources result in declining college completion rates in the United States?; (2) Do shifting enrollments to community colleges save money in the long run?; and (3) Can investments in student services rather than instruction increase college completion? The papers featured in this issue include: (1) Why Have College Completion Rates Declined? An Analysis of Changing Student Preparation and Collegiate Resources (John Bound, Michael Lovenheim and Sarah Turner); (2) Using the Community College to Control College Costs: How Much Cheaper Is It? (Richard M. Romano and Yenni M. Djajalaksana); and (3) Do Expenditures Other Than Instructional Expenditures Affect Graduation and Persistence Rates in American Higher Education? (Douglas A. Webber and Ronald G. Ehrenberg). A list of ECS resources is included.