PT  - JOURNAL ARTICLE
AU  - Angela Boatman
AU  - Michael Hurwitz
AU  - Jason Lee
AU  - Jonathan Smith
TI  - The Impact of Prior Learning Assessments on College Completion and Financial Outcomes
AID  - 10.3368/jhr.55.4.1117-9167R2
DP  - 2020 Oct 02
TA  - Journal of Human Resources
PG  - 1161--1193
VI  - 55
IP  - 4
4099  - http://jhr.uwpress.org/content/55/4/1161.short
4100  - http://jhr.uwpress.org/content/55/4/1161.full
SO  - J Hum Resour2020 Oct 02; 55
AB  - This paper estimates the impact of the College Level Examination Program (CLEP), an exam that offers credit for student competency in a content area in lieu of completing a course. Using a regression discontinuity design, we find that passing a CLEP exam leads to a 5.5 percent increase in degree completion and 1.6 percent increase in estimated income. The college completion results are notably strong for students who traditionally struggle to graduate and are often hard to track in education data, including two-year and for-profit enrollees, students in the military, students older than 24, underrepresented minorities, and homeschoolers.