For more than a century, community colleges have provided a postsecondary education alternative to the traditional, 4-year university. Enrolling disproportionate numbers of both disadvantaged and nontraditional students, the community college sector has seen unparalleled gains in enrollment over the past few decades. Along with these increases in enrollment, there has been a shift in focus toward transfer to 4-year institutions, as well as the development of articulation agreements. Established in order to ease the transfer process from community colleges to 4-year colleges/universities--for those students interested in obtaining a bachelor's degree--these agreements currently exist in more than 30 states. Via two-level, hierarchical linear modeling, this article examines the student and school level characteristics of community colleges that affect transfer and bachelor's degree attainment rates. Also examined is the impact of articulation agreements. Ultimately, while articulation agreements are not found to yield a significant effect on transfer rates, they are found to have significant, positive effects on bachelor's degree attainment rates.