In winter 1993, Chaffey College (CC) in California experienced a 44% drop, over the previous quarter, in enrollments of students holding baccalaureate degrees. This decline coincided with the introduction statewide of a $33 per quarter unit differential fee for baccalaureate-holding students. Previously, there had been a $10 per quarter unit fee. To examine the fee's impact on enrollment, three slightly different versions of a survey were sent to baccalaureate students enrolled at CC in fall 1992 or winter 1993, including 276 continuing students, 388 students who enrolled in fall 1992 but did not re-enroll in winter 1993, and 96 new or returning students enrolled only in winter 1993. Response rates were 53%, 45%, and 63%, respectively. Study highlights included the following: (1) 65% of the non-returning respondents indicated that they were no longer enrolled because the new fees made college too expensive; (2) respondents tended to be employed either full- or part-time; (3) over half of the respondents took only evening classes; (4) 40% to 47% of the respondents were graduates of the California State University (CSU) system; (5) only 35% of non-continuing respondents were aware of fee waivers available to displaced homemakers and workers, and to students on public assistance; (6) continuing students were the most knowledgeable about the fee waivers and the most likely to have applied for and qualified for fee exemption; and (7) more than 40% of each group had annual incomes of over $40,000. Discussion of differences by gender and ethnicity, data tables, and the survey instruments are included. (PAA)