Study purposes were (a) to identify factors associated with academic performance of students enrolled at a four-year university and a two-year community college; and (b) to determine if students who (1) dropped out of a four-year university, (2) entered a two-year community college, and then (3) returned to the same four-year institution improved in academic performance. The 195 undergraduate subjects began their college careers at a large university and subsequently transferred to a community college, a type of student mobility referred to as “reverse transfer student.” Following a poor academic performance at the university, the students achieved satisfactorily at the two-year college. Students who later returned to the university improved their grades with each quarter's course work. Factors associated with academic performance at the two institutions were identified.