The schools charge enrollment and graduation fees, which cover the costs of evaluating transfer and examination credits. They have quite low overhead for distance learning students, so the costs work out for everybody. At Excelsior, you can graduate with a Liberal Studies degree entirely by examination except for two requirements -- Information Literacy and Research & Writing. IL is a one-credit online course that you should be able to work through in a few days. The cost is around $300 -- not cheap, but when you consider it in context of the entire degree, it's not that big a deal. R&W is another one-credit course, so about $300 again, and according to the catalog, it revolves around writing one research paper in your major. Everything else can be done with a combination of CLEP, DSST and ECE exams.

If you want a business degree, there is also a three-credit, $900 Business Strategy course.

-Gary-