Path Recommendation for 50 y.o. male in US

[bjcheung77]

No, residency credits in this case means you take the classes at the institution, these are all online classes, none of these are courses you have to do butt-in-seat in a college setting. Excelsior requires 7 credits, COSC/TESU require 6 credits still, but it's harder to get the credits than doing a competency based degree from UMPI or similar, such as TAMUC or WGU.
Common Terms WIKI: https://degreeforum.miraheze.org/wiki/Common_Terms