College Level Examination Program - CLEP

AAA

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.



INVESTOPEDIA EXPLAINS '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. Free Application For Federal Student ...

    The form that must be completed in order to qualify for any type ...
  2. Wharton School

    This is one of America's top business schools and is located ...
  3. Harvard Business School

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

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

    A savings plan for higher education. Parents and guardians are ...
  6. 529 Plan

    A plan that allows for the prepayment of qualified higher education ...
Related Articles
  1. Invest In Yourself With A College Education
    Economics

    Invest In Yourself With A College Education

  2. Choosing The Right 529 Education Savings ...
    Savings

    Choosing The Right 529 Education Savings ...

  3. Clearing Up Tax Confusion For College ...
    Taxes

    Clearing Up Tax Confusion For College ...

  4. College Loans: Private Vs. Federal
    Credit & Loans

    College Loans: Private Vs. Federal

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center