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Smart Money -Free College Credit – Worksheet

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FREE CREDIT MAP

How many college credits can you earn for free—or almost free?

Student: __________________________
College/University: __________________________
Intended Major: __________________________
Degree: __________________________
Total Credits Required for Degree: __________

STEP 1 — Know Your College’s Rules

Before hunting for cheaper credits, find the answers to these questions.

Question Answer
Does this college accept AP credit?
Does it accept CLEP?
Does it accept DSST?
Does it accept dual-credit courses?
Does it accept ACE-recommended credit?
Does it accept Study.com?
Does it accept Sophia Learning?
Does it accept FEMA/transcripted FEMA credit?
Maximum transfer/alternative credits allowed?
Minimum credits I must take at this college?

Important: Don’t stop at “Yes, we accept it.” Find out exactly which degree requirement the credit will satisfy.


STEP 2 — Map Your Degree

Start with your college’s official degree plan. Look especially closely at general education requirements and electives.

Degree Requirement Credits Full-Price College Cost Cheaper Option Cost Approved?
English Composition I 3 $_____ __________ $_____
English Composition II 3 $_____ __________ $_____
College Algebra/Math 3 $_____ __________ $_____
U.S. History 3 $_____ __________ $_____
Government 3 $_____ __________ $_____
Natural Science ___ $_____ __________ $_____
Social Science ___ $_____ __________ $_____
Humanities ___ $_____ __________ $_____
Foreign Language ___ $_____ __________ $_____
Elective ___ $_____ __________ $_____
__________ ___ $_____ __________ $_____
__________ ___ $_____ __________ $_____

Possible cheaper option:
Dual Credit • AP • CLEP • Modern States/CLEP • DSST • Community College • Study.com • Sophia • StraighterLine • FEMA • IB/AICE • Prior Learning • Employer/Military Training


STEP 3 — What Have You Already Earned?

Don’t pay twice for credits you’ve already earned.

Credit Source Course/Exam Score/Grade Potential Credits College Confirmed?
AP
Dual Credit
IB/AICE
CLEP
Other
Other

College credits I may already have: ______

That number can be surprisingly exciting.


STEP 4 — Find Your Almost-Free Credits

Now investigate the credits you still need.

FREE OR VERY LOW COST

☐ Dual-credit opportunities through my high school
☐ AP exams
☐ Modern States + CLEP
☐ Employer-paid education/training
☐ Military education benefits/training
☐ Prior learning opportunities

LOW-COST OPTIONS

☐ CLEP
☐ DSST
☐ Community college
☐ Study.com
☐ Sophia Learning
☐ StraighterLine
☐ FEMA/Frederick Community College credit conversion
☐ Summer or winter courses at a lower-cost institution
☐ Other: ______________________


STEP 5 — SHOW ME THE MONEY

Now for the fun part.

My college charges approximately:
$________ per credit

Traditional cost of 3-credit course:
$________

Alternative-credit cost:
$________

Savings on ONE course:

$________

Now calculate your whole plan.

Credits required for my degree: ______

Credits I already have: ______

Additional inexpensive credits I could potentially earn: ______

Total credits I may avoid purchasing at full price: ______

ESTIMATED SAVINGS

Full-price cost of those credits:
$________________

Estimated cost using my alternative-credit plan:
− $________________

POTENTIAL COLLEGE SAVINGS:

$________________ 🎉


WAIT! BEFORE YOU TAKE THAT COURSE…

For every alternative credit, confirm:

☐ My college accepts this specific credit.

☐ I know the minimum score/grade required.

☐ I know exactly which course it replaces.

☐ It applies to my actual degree—not merely as an extra elective.

☐ I haven’t exceeded my college’s transfer-credit limit.

☐ It won’t create a problem with my intended major.

☐ I’ve checked requirements for graduate school, professional school or licensing if those might be in my future.

The most important question to ask:

“If I complete __________ through __________, exactly which requirement on my degree plan will it satisfy?”

Get the answer in writing whenever possible.


YOUR FREE CREDIT PLAN

BEFORE COLLEGE

I could potentially earn ______ credits.

DURING COLLEGE

I could potentially earn another ______ credits inexpensively.

TOTAL

______ CREDITS

POTENTIAL SAVINGS

$________________

Remember:

The goal isn’t to collect the most credits.

It’s to earn the right credits for the least amount of money.

Every credit needs a job.

And every dollar you don’t have to spend on college is another dollar you don’t have to save, earn, borrow—or find through scholarships.

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