Iestimatetheimpactofcommunitycollegecreditsandcredentialsonthelabormarketout-comesofseveralcohortsofcurrentandformerwelfarerecipients.Usinganindividualfixedeffectsapproach,Ifindthatwomenwhoattendcollegeafterenteringwelfareexperiencelargeandsignificantearningsgains.Thesereturnsaredrivenbycredentialreceiptandwhensub-associate’sdegreecredentialsareunobservable,positiveearningsgainswillbeinappropri-atelyattributedtocollegeattendancealone.