This paper discusses recent trends and issues in community colleges, such as dual enrollment, reverse transfer, post-college earnings, and student involvement and experiences within community colleges. It also provides statistics on minority, female, and nontraditional student enrollment, transfer rates, and student success. Highlights include: (1) enrollment in community colleges between 1965 and 1996 increased by 369%; (2) enrollment between 1996 and 2008 (a period known as Tidal Wave Two) is expected to increase by approximately 10 percent; (3) minority enrollment increased from 24% to 32% between 1990 and 1997; (4) age is a selection factor in nearly one-third of community colleges, and about half use test scores and "ability to benefit" as admission criteria; (5) 66% of 87,000 students surveyed reported that their original goal in entering community college was to earn either a certificate/degree or transfer credit to a four-year institution; (6) community colleges enroll 44% of all college students; (7) women compose 58% of community college enrollees; (8) national transfer rates have clustered consistently around 22% since 1984; (9) 20- to 24-year-old students had the highest withdrawal rates, while students aged 60 to 64 had the lowest; and (10) the number of high school students enrolling in two-year colleges increased from 96,913 in 1993 to 123,039 in 1995. Contains 52 references. (EMH)