OblateSpheroid: As I said, not all colleges accept CLEP or APs, and not for all exams. In general, the better the school, the fussier they are. At a place such as Johns Hopkins, only some APs are accepted, and only with very high grades. As you work down towards the better public schools, you’ll find most APs and most CLEPs are accepted. On the bottom rung, you’ll find general acceptance. Needless to say, most YWN users probably are more likely to find themselves going to Brooklyn College, a community college, or piecing together secular credits for a BTL – than they are to be seeking admission to an Ivy League type universitiy.
If someone is from a school that doesn’t have a good academic reputation, e.g., a frum yeshiva that doesn’t usually send its graduates to universities, the AP and CLEP exams pose an addition role in proving the student can do college work – meaning it counts for admission rather than credits.