With the increase of COVID-19, comes an uncertain financial future. It is absolutely necessary for all of us to start saving money in every way possible.
Rising college tuition and student loan debt are a common reality among today’s college students. When I first attended college, at a time when tuition was lower, college funding opportunities were not as abundant as they are today. This is why it’s important to spend time educating yourself on any hidden funding opportunities you might be overlooking.
One proven way to free yourself from having to paying college tuition is by simply passing exams to earn college credit:
- CLEP (College Level Examination Program) is a popular and widely accepted option at many colleges and universities. It allows you to pass college course(s) by simply passing an exam. The CLEP is approximately $100 per course. This is far less than most university tuition rates when compared to the average class cost of $135-$1650. And since you are studying for the exam at home, there are no transportation costs. Plus it offers greater flexibility while you prepare for the exam on your own time.
- DSST (Dantes Subject Standardized Test) is similar to CLEP exams. It is also widely accepted at many colleges and universities and is pretty equal in cost. DSST is another money-saving opportunity if you can’t find the exam you are looking for at CLEP.
- Modernstates offers free college courses to assist with passing the AP (Advanced Placement-high school students only) and CLEP (College Level Examination Program). And because materials, books, and study programs to help you pass these exams cost money, Modernstates may be able to assist in helping you cut these costs by offering the study materials for free. For a limited time, they are also offering an exam fee waiver to help you pay for the CLEP and DSST exam.
Given the savings, these are three opportunities that you’ll certainly not want to pass up. If you have an interest in taking an exam to assist in cutting your college expenses, here are some steps before getting started:
- Be sure to confirm with an academic counselor which course exam(s) are accepted by your school and can be applied to your college major.
- Don’t just dive right in. Get to know the exam requirements and follow the rules to avoid wasting valuable time. For example, find out what is the passing score to earn college credit, and how many exam credits will the school accept.
Funding opportunities like this abound for saving college money. All you have to do is look for them and apply. Frankly, it’s as simple as that.
Wishing you financial success,
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