If you’re looking under every rock to find ways to cut the cost of sending your high school senior to college, here’s one approach you may not have heard of: It’s the Clep test.

Not as widely known as Advanced Placement exams, the Clep test nonetheless can help you knock off hundreds, if not thousands, of dollars in tuition, and earn potentially a full semester or year of college credits.

Formally known as the College-Level Examination Program, the exams were developed by the College Board and have been around for many years. About 122,000 people take the exams every year compared with about 1.2 million in public high schools taking the AP tests each May.

What’s the difference between the two tests? The main difference is that students take an AP exam after completing an AP course in hi

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