Freshman Year Free (Article)


Freshman Year Free

As the cost of college continues to increase, new strategies for saving money are developing. In the past, paying for college was mostly about how you completed the Free Application for Federal Student Aid (FAFSA) and whether you were going to join the military first. Today, strategies for reducing the number of required college classes altogether are growing in popularity, begin as early as freshman year of high school, and include AP classes, Dual enrollment, and the mysterious CELP exam.

For about $125 your student can take a proctored College-Level Examination Program® (CLEP) exam, and if they pass the test, receive the college credits for that class. This not only means they don’t have to take the class in college, but that they get what is likely a three credit, $2,000 class, for less than what you would have paid for just the textbooks. While there are 34 CLEP exams available, not every University and College accept them all. So be sure to search “CLEP Exams” on the University or College websites you think your student may attend. Also, these are college level tests, so your student will need to prepare if they hope to pass. Focusing on the subjects they’re already proficient in is a good place to start. To brush up on a subject we recommend and Modern States. Modern States is a non-profit dedicated to helping students get their freshman year of college for free. They offer free classes to prep and a voucher to cover the cost of the relevant CLEP exam.

To learn more check out

Return to the Money Messages Homepage



You’re Just Getting Started

Explore more from MoneyAdvice@Work®

Haga Clic Aquí para Ver los Consejos de Dinero en Español.

MoneyAdvice@Work® is an employer-sponsored financial wellness benefit designed to connect employees to financial professionals who educate, advise, and coach without the sales pitch. Learn more about our service offering here. The summary/prices/quotes/statistics contained herein have been obtained from sources believed reliable but are not necessarily complete and cannot be guaranteed.  Past performance results are not necessarily indicative of future results. MoneyAdvice@Work® is offered through Francis Investment Counsel, a Registered Investment Adviser with the SEC. Francis Investment Counsel does not provide tax or legal advice.