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The Impact of Prior Learning Assessments on College Completion and Financial Outcomes

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  • Angela Boatman
  • Michael Hurwitz
  • Jason Lee
  • Jonathan Smith

Abstract

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.

Suggested Citation

  • Angela Boatman & Michael Hurwitz & Jason Lee & Jonathan Smith, 2020. "The Impact of Prior Learning Assessments on College Completion and Financial Outcomes," Journal of Human Resources, University of Wisconsin Press, vol. 55(4), pages 1161-1193.
    • Handle: RePEc:uwp:jhriss:v:55:y:2020:i:4:p:1161-1193
    Note: DOI: 10.3368/jhr.55.4.1117-9167R2
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    File URL: http://jhr.uwpress.org/cgi/reprint/55/4/1161
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