I would use hyphens.
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Anonymous Should there be hyphens?
Yes, but you need to put them in the right places.
You need to attend either a city-sponsored (program) or a state-sponsored program.
You need to attend both a city-sponsored (program) and a state-sponsored program.
Grammar GeekThe use of the suspended hyphen is fine. You can say "a city- or state-sponsored program." The first- and second-year students are in the library. All full- and part-time students are welcome to apply.That looks pretty casual. Do people actually write it like that in formal writing?
MashaPavlovnaFunnily enough, yes. It's perfectly correct and formal, reduces wordiness and improves readability :-)