In fall 1981, a study was conducted to investigate the reverse transfer phenomenon at Piedmont Virginia Community College (PVCC). Specifically, the study sought to determine: (1) the proportion of PVCC students who had already obtained a certificate, or an associate, bachelor's or graduate degree; (2) the demographic characteristics of these certificate or degree holders; (3) their reasons for attending PVCC as compared to the reasons given by non-degree holders; and (4) differences between degree holders and non-degree holders enrolled in programs associated with high employability. Questionnaires were administered to a random sample of fall 1981 class sections and to all sections in the data processing, accounting, electronics, nursing, and respiratory therapy programs. Responses from 94% of the classes surveyed revealed that about 25% of the fall 1981 student body (on a full-time equivalent basis) had already received a degree or certificate from an institution of higher education, with 13% holding a bachelor's degree or higher. The proportion of students with a bachelor's degree or above in programs associated with high employability was significantly higher than the proportion in the student body in general. Making more money, getting a better job, and learning things of interest were consistently identified as important reasons for attending PBCC among degree holders and non-degree holders. The questionnaire is appended. (AYC)