  The experience transfer students encounter as they navigate their journeys
from community college to university is similar to that of buying a used car.
We demonstrate this by showing how the information asymmetry in the market for
used cars also occurs in the market for transfer students, producing
inefficient markets in both cases, thereby increasing the chances of adverse
selection. We diagnose the underlying conditions that produce transfer
inefficiencies, identifying them as a structural inequity within the system of
higher education. Finally, recommendations for alleviating information
asymmetry in transfer processes, that would lead to better outcomes for
transfer students, are provided.
