Learn more
Join Dexa
Published Dec 30, 2022

386 | The $100K Glorified Sleepaway Camp | Millionaire Educator

Discover how Gerry Born, the Millionaire Educator, employs innovative strategies to drastically reduce college costs through CLEP exams, ACE courses, and affordable online programs, empowering students to fast-track their degrees and achieve financial independence.
Episode Highlights
ChooseFI logo

Topics covered

Popular Clips

Questions from this episode

Episode Highlights

  • CLEP Exams

    CLEP exams offer a cost-effective way to earn college credits, with each test costing around $110, including proctoring fees. explains that these exams cover core subjects like American Government and Economics, and their acceptance varies by institution 1. He notes that while some universities, like UGA, may not accept CLEP credits, community colleges often do, allowing students to earn up to 30 credit hours 1.

    It's a one off test. All multiple choice generally costs about $80. And then wherever you take it, you'll have to pay a proctoring fee, which would be about twenty dollars to thirty dollars.

    ---

    highlights the importance of having a plan for transferring these credits, as not all institutions have favorable policies 2.

       

    ACE Courses

    ACE courses, offered by providers like Sophia.org, present another avenue for earning college credits. mentions that these courses are accessible without age restrictions and can be a strategic way to accumulate credits before deciding on a college 3. He explains that ACE credits do not expire, unlike CLEP credits, which have a 20-year validity 3.

    As far as Ace credits go, I don't think they expire. Once you pass it, you've got it.

    ---

    adds that during the pandemic, Sophia.org offered free courses, allowing students to earn credits rapidly, though now they charge a monthly fee 4.

       

    Sophia.org

    Sophia.org plays a pivotal role in providing affordable, self-paced courses for credit accumulation. shares that his son, Bruce, earned 73 credits through Sophia during the pandemic when courses were free 5. Currently, Sophia offers a membership model at $99 per month, allowing students to take unlimited courses, which are pass/fail based on a minimum score of 70 4.

    It's $99 a month. But they also have deals where I believe you can do twelve months for $600.

    ---

    notes that these credits can be transferred to various universities, making Sophia a flexible option for students planning their educational paths 6.