How 10 universities in the Lone Star state do it.
Recently, Alex Stenner, a sophomore at the University of Wisconsin — Green Bay, saved hundreds of dollars on tuition and hours spent in class. He signed up for a free online introduction to psychology course offered by Education Portal, of Mountain View, Calif.; crammed his studying into two weeks over the Christmas holidays; and then took the College Board's College Level Examination Program (CLEP).
After he passed that exam, his university awarded him academic credit for the psychology course. That meant he'd obtained the course credits for only $90 — the cost of taking the CLEP — versus "having to pay $750 [to] $900 to take the course from the university," says Mr. Stenner.
He now hopes "to be able to take up to four more courses this way."
As college costs mount, Americans are looking for creative ways to cut tuition bills. Two recent initiatives are getting lots of attention. One is the advent of massive open online courses (MOOCs), which are free courses open to anyone. The second is the debut in Texas of the $10,000 tuition plan....
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