This study evaluates CUNY’s Accelerated Study in Associate Programs (ASAP) from a cost-effectiveness perspective. ASAP is designed to accelerate degree completion within three years at community colleges. The purpose of this study was to undertake a cost-effectiveness analysis to see if the additional costs were compensated by a higher graduation rate sufficient to justify those costs. The cost of producing an additional graduate in the comparison group without ASAP was compared with the cost when ASAP was provided. The conclusion is that ASAP is so much more effective in producing additional graduates in a timely fashion and that the cost per graduate for ASAP is comparable to or less than that of the traditional approach.