Financial Tip for those with kids in college or going to college.
Not just posting something I found- posting something we have experience with.
Credit to Emma (my daughter) whose professor told the students and then she took action. She knows how much her university is costing and with 150 credits (this is a requirement to take the CPA exam- not a mistype- it's crazy I know), she's participating in the process to figure out ways to lower our costs.
Who could use this:
Want to lessen a semester load- maybe your child also works, plays a sport, is in theatre
Need extra credits
Want to graduate early
Just want cost effective credits for those elective classes
Here is one way we just learned about that many don't know about:
Go to CLEP.org and check out what courses your school accept CLEP exams. There are 2900 school. They may only accept a few courses, many or none.
Then pick one- electives are the best option.
Need a refresher on the topic, need to learn on the topic and/or review tests, then go to modernstates.org and match the course option to the CLEP test.
After studying, then take the CLEP exam- you can take it online or in person (you'll need to check for a location near you for the in person)
My daughters example:
She checked to the classes that were accepted at her University
She picked 3 classes she wanted (9 credits)
First up- English Lit
Did the course on Modernstates
Found a local test center- took the test
Had the credits transferred to her University
Received notification from her University that the credit were accepted
Cost $0- yup, not a mistype....it cost her $0. Initially we paid $30 to take the test then she found a reimbursement option in Modernstates and go our $30 back.
Next course is a math course- taking a refresher course and she will take the test over fall break
My daughter is going to be a junior in college so it doesn't matter if you are a freshman, sophomore or junior. She also told a fellow classmate about it and she did it.
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