This is Raul again with lesson number six credit hour math. Unless you get a full ride, meaning a college offers you a full scholarship, you will have to pay tuition fees to attend college. This is true no matter whether college is public or private revenue from tuition fees is still an important part of colleges budget. And as you may have expected, tuition is often the largest component of your budget to attend college as well. tuition fees are generally based on credit hours, such as $180 per credit out like what is a credit card in college credit It represents one hour of class per week for a term or semester. The idea is that you will receive 16 times 348 hours of instruction for the class throughout the semester assuming of course 16 weeks in a semester.

For two years associate's degree, this means that you will need 20 courses. This is because an associate's degree typically requires 60 credit hours. For a four year bachelor's degree which requires 120 credit hours you will need 40 courses using college credits as currency, what is money, anything that is generally acceptable as payment for goods and services or for repayment of debts as money. Without money we will be bartering with each other. Imagine that a baker giving you Bread instead of cash because you helped clean the Baker's window, extending the principle of barter to college credits that you earn for an in college stay with you. While you cannot barter credits away, you can build up your courage balance and work your way to a degree.

This is a powerful concept. Many colleges permit you to study at other institutions and allow you to transfer those credits to them under some conditions. In a sense, the credits you earn are like currency, credit hours a credit hours just like $1 as $1. The credits are used. While colleges are open to accepting credits earned at other institutions or when you're in high school, they generally have strict policies which govern their acceptance in general, and approved transfer allows you to exempt out of an equivalent course the destination College offers. The theory is that you have already demonstrated competence in the subject, so there is no need for you to repeat the effort in college.

Suppose you earn college credits in chemistry when still in high school by taking an AP exam, we will explain what this is in later modules. And suppose that the college you wish to go to accepts those credits. Then you can exempt out of the college's chemistry 101 class during your freshman year, and either save the time and money by graduating sooner or spend the money to take additional classes perhaps working towards a double major. And there's also the advantage of paying far less for your chemistry in high school and AP exam may cost you $83. In college, the same classmate cost you over 50 1300 dollars. Intelligent credit transfer strategies are essential to college financial planning.

In fact, many school districts waive the AP exam fee so your savings will be 100%. So the key takeaway here is that the US has an advanced system in which credits can be seamlessly transferred from one institution to another if certain common sense conditions are met. If you have any questions, please let us know. Thank you.