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. Harvard Business School

    This is one of America's top business schools and is located ...
  3. Wharton 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. 529 Plan

    A plan that allows for the prepayment of qualified higher education ...
  6. Education IRA

    A savings plan for higher education. Parents and guardians are ...
Related Articles
  1. Economics

    Invest In Yourself With A College Education

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

    Choosing The Right 529 Education Savings Plan

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

    Clearing Up Tax Confusion For College Savings Accounts

    Put your kids through school without being hounded by the tax man.
  4. 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.
  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. Options & Futures

    Invest In Your Education With An RESP

    All Canadians should know the benefits of these flexible education savings plans.
  8. Budgeting

    Pay For A College Education With Retirement Funds

    These savings vehicles may be better than college saving funds for some families.
  9. Investing Basics

    Top Financial Planning Colleges: A Primer

    An overview of the top colleges for financial planners and advisors.
  10. Personal Finance

    SAT Vs. ACT: 6 Key Differences

    While there's some overlap in content, the ACT and SAT exams have significant differences that students should consider before choosing which to take.

You May Also Like

Hot Definitions
  1. Asset Class

    A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same ...
  2. Fiat Money

    Currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat ...
  3. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  4. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  5. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  6. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
Trading Center