For many adults, finishing a bachelor's degree is a critical step toward professional advancement, increased earnings, and personal fulfilment, but it can often seem out of reach. In fact, as higher education costs have increased, student debt in the
United States is now almost $1.5 trillion - higher than the total debt Americans put on their credit cards. Yet, finishing a bachelor's degree remains one of the best strategies for earning more and advancing or changing careers. According to the Bureau of Labor Statistics,
those who possess a bachelor’s degree earn on average nearly $21,000 more annually than those with some college but no degree, and nearly $24,000 more annually that those with only a high school diploma.
So, what can a busy adult who wants to finish a bachelor’s degree do to reduce tuition costs, student debt and the time it takes to graduate?
Many students turn to credit-by-exam programs, which allow students to “test out” of specific bachelor’s degree requirements at regionally accredited colleges and universities throughout the country. Most credit-by-exam programs, such
as the College-Level Exam Program (CLEP®), are a fraction of the cost of taking an equivalent course and students can take the exam whenever they are ready. This enables many students
who pass credit-by-exams to save time and money when finishing their bachelor’s degree and potentially reduce student debt. Many colleges and universities also offer their own exam programs.
Credit-by-exam programs typically provide an exam description and sample questions to give you an idea of whether you can pass it, and study materials to prepare for the test. Most exams take between 90-120 minutes to complete. If you are comfortable
taking standardized exams and working independently, credit-by-exam may be a good option for you. Students earn credit when they pass the exam.
When considering credit by exam, be sure to consult with your college or university to identify the proper exam that fits into your degree program and to confirm passing score you will need to earn credit.
At Peirce, we accept all CLEP exams and also offer 10 of our own exams. Learn more about what exams can be applied to your Peirce College
degree program or contact an Enrollment Specialist using the forms below.