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 1117-9167r2 DO 10.3368/jhr.55.4.1117-9167R2 A1 Boatman, Angela A1 Hurwitz, Michael A1 Lee, Jason A1 Smith, Jonathan YR 2019 UL http://jhr.uwpress.org/content/early/2019/03/05/jhr.55.4.1117-9167R2.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 and students in the military, students older than 24, underrepresented minorities, and homeschoolers.