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Here's an easy way to cut the cost of college and the time it takes to get a degree: Take a CLEP test. Officially known as the College-Level Examination Program (CLEP), these tests are brought to us by the College Board, the same folks who create the SATs. Approximately 40 different tests are offered in composition and literature, foreign languages, history, social sciences, math, science, and business -- and are accepted at some 2,900 colleges. Whether you're in the know because of a high school course, life experience, independent study, or on-the-job training, for a mere $60, you can get the same number of credits as you would for successfully completing a semester-long course -- or even one that lasts a full year. Given what tuition costs these days, $60 beats the cost of every college course. Each school has its own rules (of course), so it pays to double-check in advance, but chances are good that you'll: Save money Cut the amount of time it takes for you to graduate Place out of introductory courses Fulfill some of your school's core curriculum requirements With the exception of a test called "English Composition with Essay" all the tests are scored instantly online. Visit the College Board for more information about CLEP tests.Special Note for Military Personnel: You can take the CLEP tests for FREE -- whether you are on active or reserve duty. Click here for more information. Have you ever taken a CLEP test? Tell us how you made out!

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