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Women are more likely to attend and graduate from college than are men and students from high-SES backgrounds are more likely to attend college and to graduate than their peers from lower-SES backgrounds. However, college is seen as a route to upward social mobility, yet little is known about the extent of or the process of upward mobility. This longitudinal qualitative study followed 16 women, half from higher-SES background and half from lower-SES backgrounds, over approximately 20 years following college graduation, and examined social mobility using a Bourdieuan framework. We found that the women were in similar social class positions 20 years after graduation. We additionally found that a dynamic cultural capital and transposable habitus could account for the similarities.