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.



RELATED TERMS
  1. Student Debt

    Money owed on a loan taken out to pay for educational expenses. ...
  2. Free Application For Federal Student ...

    The form that must be completed in order to qualify for any type ...
  3. Award Letter

    Documentation sent from a college or university to the student ...
  4. Education Credit

    A type of tax credit available to students of a post-secondary ...
  5. American Opportunity Tax Credit

    A tax credit that enabled more student and parents to pay for ...
  6. Lifetime Learning Credit

    A provision of the U.S. federal income tax code that lets parents ...
Related Articles
  1. Personal Finance

    College Students are Failing Financial Literacy

    Financial trends among college students are a cause for concern, prompting a renewed emphasis on financial literacy.
  2. Investing

    Four Critical Financial Decisions Facing College Students

    The financial decisions students make in college can affect academic achievement, well-being and post-graduate success.
  3. Personal Finance

    Does It Make Sense to Go to College in Europe?

    If you're deciding whether to get a degree abroad, first do your research and talk to alumni who have completed the same program.
  4. Savings

    A Look at the Cost and Tax Treatment of College

    Is there more we can do to improve the affordability of post-secondary education? We take a look at how students and colleges are taxed today.
  5. Personal Finance

    Student Debt Passes $1 Trillion: Is College Worth the Investment?

    As tuition rises faster than any other U.S. commodity in the past few decades, students explore alternative education options supported by new technology.
  6. Credit & Loans

    10 Ways Student Debt Can Destroy Your Life

    If you're getting a student loan, think critically about how you will manage your loan. Student debt could have a profound negative impact on your life.
  7. Budgeting

    3 Alternative Ways To Save for College

    The cost of college is skyrocketing at a time of record student loan debt. But there are ways to earn a college degree without traditional borrowing.
  8. Professionals

    The Key To CFP Exam Success

    Up to 60 of the questions on this test are case studies. Are you up for the challenge?
  9. Credit & Loans

    5 Worst Money Mistakes You Can Make In College

    Financial errors are nearly as common as all-night study sessions in the lives of many college students, but it can take years to dig out of a money pit.
  10. Savings

    A Beginner's Guide to Getting Student Loans

    Follow these 5 steps and you'll be well on your way to knowing which loans to go after – and which college really offers you the best deal.
RELATED FAQS
  1. Is it legal to invest my student loan money?

    Take a risk investing student loans and encounter a legal and moral gray area as well as possible financial challenges along ... Read Answer >>
  2. What are the most common sources of funds given in a financial aid award letter?

    Read this article to learn about the four most common sources of funding given in a financial aid award letter sent to a ... Read Answer >>
  3. Why are private student loans generally more expensive than federal loans?

    Make the right decision between a federal student loan and a private student loan when looking for financial aid for your ... Read Answer >>
  4. What certification series does one need to be a bond broker?

    One major requirement before one can become a bond broker is to pass the General Securities Representative Exam, commonly ... Read Answer >>
  5. My scores on the Series 63 average a passing grade, but the testing center said I ...

    Learn more about the Series 63 exam. Discover how the exam is graded, what factors might cause an unexpected result and who ... Read Answer >>
  6. How many people fail the series 63 exam every year?

    How many stock brokers failed the Series 63 exam before they passed successfully? Here is what you need to know before taking ... Read Answer >>
Hot Definitions
  1. Physical Capital

    Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist ...
  2. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  3. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  4. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  5. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
Trading Center