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Carol’s Story: We saved $96,780

Carol from Minnesota crunched the Homeschooling for College Credit numbers for her daughter.  You won’t believe what she found.

“With CLEP and PSEO (dual enrollment), I just calculated we are saving $96,780 at the University of Northwestern-St. Paul.

1/3 of that is in CLEP alone: 32 credit hours, which is about $30,260. Then, two years free through dual enrollment which is another $30,260 X 2 =$60,520.  

We are saving far more money by CLEPping and dual enrollment than we could get in scholarships.  -Carol Lang Frisk


She’s not exaggerating, I pulled the numbers to share with you.  

It’s -seriously- phenomenal.  Read on…


2017–18 Tuition & Fees 

The University of Northwestern St. Paul

  1. Tuition……………………………………………..$30,260
  2. Room………………………………………………….$5,570
  3. Meal Plan……………………………………………$3,700
  4. Technology Fee……………………………………..$260
  5. Health Services Fee……………………………….$124
  6. Activity Fee……………………………………………..$150
  7. Personal Expenses** …………………………..$2,120
  8. Books & Supplies** ………………………………..$600
  9. Transportation**…………………………………….$620

TOTAL …………………………………..$43,404

It’s worth noting that the green items with ** indicate variable expenses you can control to some degree.  (Does anyone else think the college has under-estimated the cost of books?)  So, to be fair, let’s round down to $40,000 per year- just the cost Carol’s family will be BILLED.  

Without smart planning, Carol and her daughter may have wandered onto campus and signed up for a $160,000 degree! Thankfully, she’ll found a way to bring that cost down closer to $40,000.


Secondary savings and benefits gained by Carol’s plan:

 

 

 

 

 

 


How much did they spend?  What exams did she take?


Carol shared that her daughter earned 45 CLEP credits, but this college only awards credit for 32.  Here’s her list, cost, and reward:

16 credits Spanish CLEP ($100)   This college awards up to 16 credits for the Spanish CLEP exam but requires the student to pass a second college based test for verification. This will give her credit in Spanish I, II, III, and IV.  (note: most colleges award up to 9 credits)

4 credits World Religions DSST ($100)  DSST is nearly identical to CLEP.

4 credits College Composition CLEP ($100)

4 credits Western Civilization CLEP ($100) 

1 credit Here’s to Your Health DSST ($100) 

3 credit (CLEP) to be determined ($100)

TOTAL INVESTMENT:  $600


Parents who inject CLEP exams into their homeschool by using it as a “final exam” don’t really have that much extra added cost- they’re buying curriculum anyway, so the risk is in paying for an exam. Currently, CLEP exams cost $80 but a testing center typically charges about $20 for proctoring services, so it’s safest to budget $100 per exam.

Since exams usually award 3-6 credits, the $100 investment is well worth the risk!  You’d have to fail the CLEP exam 5 or 6 times before it’s more expensive than the college class.


Have you thought about using CLEP or DSST to help offset college costs for your teen?  If so, what’s your strategy? Do you have tips for getting the biggest bang for your buck? Share them below!


Reader D.M. sent me this lovely note:

“Hi. I just wanted to share a story with you. I have struggled to get my almost 15yo daughter interested in taking CLEP exams. This has recently changed! She is now obsessed with preparing. What has changed? She started the Dave Ramsey financial curriculum and I forwarded the blog post you wrote about Carol Lang Frisk. She is now hoping to take and pass three exams this summer. I hope this inspiration continues!” 

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