Central Bedfordshire College is considering a merger with Barnfield College.
The move comes after an Area Based Review and could lead to one super-college for the area.
A spokesman said: “Following the conclusion of the Government-led Area Based Review, the Corporations of Barnfield College and Central Bedfordshire College have agreed to jointly commission a feasibility study to explore the development of a single, forward-looking organisation through merger.
“The study will commence immediately and will report at the end of July 2017.
“The new college will have the potential to better meet the current demand for skills and the new opportunities presented by the region’s ambitious plans for growth and innovation.”
Barnfield College is currently on New Bedford Road in Luton and Central Bedfordshire College has three campuses in Dunstable and Houghton Regis,
Central Bedfordshire started life as Dunstable College in 1961 before being renamed in 2010.
It concentrates on post 16 education, adult eduction and apprentices, and has recently invested in the Kingsway Project which has created new facilities public and student facilities at its Dunstable campus.