AP exams give you the chance to try college-level work in high school, and to gain valuable skills and study habits for college. If you get a "qualifying" grade on the AP Exam, there are thousands of colleges worldwide that will give credit or advanced placement for your efforts.
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You can receive a full year's credit from more than 1,400 higher education institutions by earning satisfactory grades on enough AP Examinations.
Advanced placement is awarded by the college or university, however, not by the College Board. Some institutions specify certain courses or other requirements for sophomore standing. The college's catalog or website usually provides a detailed description of that institution's advanced placement policy. Credit is usually awarded when you are admitted, although some colleges and universities award sophomore standing only after you have demonstrated the ability to do satisfactory college work.
The listing is taken from the College Board's Annual Survey of Colleges for 2000-2001. It includes colleges and universities that have reported to the College Board that they will grant a year's credit on the basis of AP performance. Policies change from time to time so check with the institution you're interested in attending to get a complete description of its policy before assuming that you'll get credit.Listing of AP Exams