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dlthomas comments on Rationality Quotes November 2011 - Less Wrong
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In most parts of California, the education you get at a community college is comparable to that in your first two years at a four-year institution (better in some ways, worse in others, and depends a little on your focus, of course). That cuts the cost nearly in half.
I think this depends quite strongly on the institution, as well as your area of study (as you said). FWIW, I went to a community college for two years in order to save money, just as you said. I then ended up having to to re-take several classes at the university anyway, and thus lost a lot of valuable time (and money). I could be an outlier, though.
Gotcha. It's something you need to be careful with, but not (I think) much more so than at a university.
Your education is important. Tens of thousands of dollars? Also important. Be aware of what your goals are, how you're meeting them, and at what cost.
Community college worked out very well for me, but I did have the advantage of living near one of the better ones.