Hi Michelle,
Thanks for the question.
No, I’m afraid that is not possible at the moment with Community Events.
You might be able to achieve similar functionality with custom development and some kind of a membership management (with e.g. WooCommerce Memberships), but that is beyond the scope of our support.
I find the idea quite interesting though. If you think that is something you would like as a feature I encourage you to visit our User Voice Page and either upvote an existing request or make a new request there.
Let me know if you have any additional questions.
Cheers,
Andras