EC Credit Bank

Discussion in 'General Distance Learning Discussions' started by b4cz28, Jun 28, 2010.

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  1. b4cz28

    b4cz28 Active Member

    I'm going to sign up for the EC bank. For $270 it's cheap, and as much as I jump around, it will let me put every thing in one place. My question is, do they let you bank Penn Foster Credits? The Credit Bank pages says RA only. I thought if they took NA for their degrees they would let me put them in the bank....any info?
     
  2. rickyjo

    rickyjo New Member

    What about ACE? Are any of your courses reviewed by ACE? I bet that would work too. I don't have any specific info, but there's another angle to consider.
     
  3. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    OK, woah, let's hold on a second shall we. You have $300 and are going to pay $270 to Excelsior so they can keep an unofficial, unuseable list of courses that you have taken previously from other places? :confused:

    I never really understood the credit bank concept. Unless you have a specific person or organization who wants a single transcript for your past work, I see no value, and even in that case only a one-time-use value. But wait, if you transfer everything to Clovis, then won't you already have that?

    Maybe an ex-credit-banker can enlighten my possibly uninformed self?
     
  4. RFValve

    RFValve Well-Known Member


    Actually, I found it really useful. I adjunct for several online schools and continuosly take IT certifications, ACE credits, business certifications and credits from international schools. It really helps to put all your credits in a single document in particular if you teach as this can help you to be eligible to teach more classes in different subjects.
    It is also really helpful if you have international education that need to bring into American credits so potential employers can understand the work you have done for the American market.
    You can also get another Bachelors if you accumulate 30 new credits.
     
  5. Chip

    Chip Administrator

    The main value is not having to pester a bunch of programs to get transcripts, especially since some schools will only accept official transcripts mailed directly from one institution to another (as opposed to a sealed envelope). The credit bank makes it easy to have everything in one place. But it is a somewhat expensive luxury if you don't have need for it and can wait to get the official transcripts, or will only need them once or twice.
     
  6. b4cz28

    b4cz28 Active Member

    So I called and talked to EC this morning, they talked me out of the bank. I was informed that I could get the same thing paying the $75 app fee. They would let me send them all of my transcripts and keep them onfile for more than five years. I need to do something with my Penn Foster credit because their policy is changeing in a few weeks. You will no longer be able to get a transcript while you are on a payment plan. So I need to get something done or I will have to wait another year to get them payed off. So I'm going to pay the $75 with EC today and use the rest for one clep (history) and one straighter line math course. In a few months(if they take the Penn Foster) I will be done. I thank all those here who talked me into the clep test. I feel like a junkie, I loved the feeling I got when I passes my first.
     
  7. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    Excelsior is kind of funny like that, where they do offer the credit bank but try to convince people not to do it :)

    If it wasn't for CLEP/AP/ECE, it would take me probably 2-3 more years to get my degree than it will in the end, so I am grateful for that. CLEP away and keep us updated!
     
  8. Shawn Ambrose

    Shawn Ambrose New Member

    I know this is an old thread, but after some experience I have found a valid use for an EC Credit Bank.

    My oldest son enlisted in the Utah Army National Guard a few days ago. We were having a heck of a time convincing the Utah Guard about the validity of a Wisconsin Homeschool Transcript/Diploma.

    For the record, my son's ASVAB was the 88th percentile; however, because he was homeschooled, they were not going to permit him to enlist. Instead of fighting (which I could have done through HSLDA, which would have taken who knows how long), I asked my son to verify how many college credits have to be earned for the high school record to be irrelevant for the Utah Guard; the answer was 15.

    My son earned 20 credits through homeschool:

    7 - Clovis Community College
    4 - LCO Community College
    3 - Microecon CLEP
    3 - Macroecon CLEP
    3 - Astronomy DSST

    Dad had the foresight to have son get an EC Credit bank a few months ago. Son hands the recruiter the EC Credit Bank Transcript, enlistment processed.

    So if you are homeschooling and thinking military, a credit bank from EC might not be a bad idea.

    Shawn
     
  9. Delta

    Delta Active Member


    The problem with the $75 app fee route is that your records are on file for 5 years in case you want to attend EC in the future but disappear thereafter. The credit bank route consolidates all your coursework into an "official transcript" from a Regionally Accredited school. The transcript update fee is $25....last I checked.

    I think this is a better option for a number of reasons. Having an official transcript showing all your coursework can be beneficial in attaining employment, promotions in the military, ease of transfer of credits to other schools, and a variety of other reasons. Don't let Excelsior College bully you around! You are in the driver seat!
     

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