College Level Examination Program - CLEP


DEFINITION of 'College Level Examination Program - CLEP'

A plan that enables students to earn college credit for introductory-level courses by achieving satisfactory scores on subject-specific tests. CLEP offers 33 examinations in subjects including English literature, Spanish language, American government, macroeconomics, biology, calculus, financial accounting and more.

A qualifying test score can earn a student three to 12 college credits, depending on the college's policy, allowing students to save money on tuition, skip unnecessary courses and speed up graduation. Students do not need previous academic experience in a subject area to sit for an exam and earn credit, so students who have acquired knowledge through independent study, on-the-job training and other methods can take advantage of CLEP. Most exams are 90-minutes long and consist of multiple choice questions.

BREAKING DOWN 'College Level Examination Program - CLEP'

Students should check with their university's policy on granting credit for specific CLEP exams before registering for, studying for or taking any exams. In some cases, universities may exempt students from general education requirements if they pass CLEP exams in those subjects but will not actually award credit hours for satisfactory exam scores.

  1. 529 Plan

    529 is a category of plans that provide tax advantages when saving ...
  2. Free Application For Federal Student ...

    The form that must be completed in order to qualify for any type ...
  3. Harvard Business School

    This is one of America's top business schools and is located ...
  4. Wharton School

    This is one of America's top business schools and is located ...
  5. PLUS Loan

    A low-cost student loan offered to parents of students currently ...
  6. Education IRA

    A savings plan for higher education. Parents and guardians are ...
Related Articles
  1. Credit & Loans

    College Loans: Private vs. Federal

    Not all student loans are the same. Know what you're getting into before signing on the dotted line.
  2. Economics

    Invest In Yourself With A College Education

    Spending a few thousand dollars on school could help you earn millions more.
  3. Savings

    Choosing The Right 529 Education Savings Plan

    Before you fund one of these education-savings vehicles, be sure you know their differences.
  4. Taxes

    Clearing Up Tax Confusion For College Savings Accounts

    Put your kids through school without being hounded by the tax man.
  5. Budgeting

    Budgeting While You're In College

    Test your money management skills as you work your way through university.
  6. Budgeting

    2 Ways To Finish Undergraduate And MBA Programs Faster

    Testing out of courses and challenging course credit decisions can allow you to save money and time at college.
  7. Budgeting

    Pay For A College Education With Retirement Funds

    These savings vehicles may be better than college saving funds for some families.
  8. Options & Futures

    Invest In Your Education With An RESP

    All Canadians should know the benefits of these flexible education savings plans.
  9. Personal Finance

    Is An Ivy League Degree Worth It?

    In 600 B.C. Aesop determined that a bird in the hand was worth two in the bush. Warren Buffett claims that this axiom can be used to determine the most valuable uses of capital. In this article ...
  10. Savings

    Should You Look at 529 Plans Outside Your State?

    529 savings plans are not restricted by geography. So if your in-state offering has high fees or poor investment choices, look elsewhere.
  1. What’s the difference between the two federal student loan programs (FFEL and Direct)?

    The short answer is that one loan program still exists (Federal Direct Loans) and one was ended by the Health Care and Education ... Read Full Answer >>
  2. Student loans, federal and private: what's the difference?

    The cost of a college education now rivals many home prices, making student loans a huge debt that many young people face ... Read Full Answer >>
  3. Can I use my IRA to pay for my college loans?

    If you are older than 59.5 and have been contributing to your IRA for more than five years, you may withdraw funds to pay ... Read Full Answer >>
  4. Can I use my 401(k) to pay for my college loans?

    If you are over 59.5, or separate from your plan-sponsoring employer after age 55, you are free to use your 401(k) to pay ... Read Full Answer >>
  5. What are the best MBA programs for corporate finance?

    Opinions vary based on which publications you consult, but the best MBA programs for a career in corporate finance are at ... Read Full Answer >>
  6. For which kind of jobs is having Magnum Cum Laude most important?

    Having a magna cum laude degree is most important for jobs in the fields of finance, management consulting and engineering. ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Take A Flier

    The slang term for a decision to invest in highly speculative investments.
  2. Bar Chart

    A style of chart used by some technical analysts, on which, as illustrated below, the top of the vertical line indicates ...
  3. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
  4. Black Friday

    1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold ...
  5. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  6. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
Trading Center