RT Journal Article
SR Electronic
T1 The Impact of Prior Learning Assessments on College Completion and Financial Outcomes
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 1161
OP 1193
DO 10.3368/jhr.55.4.1117-9167R2
VO 55
IS 4
A1 Angela Boatman
A1 Michael Hurwitz
A1 Jason Lee
A1 Jonathan Smith
YR 2020
UL http://jhr.uwpress.org/content/55/4/1161.abstract
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.