This handbook provides the practicing educational and career counselor with basic information about a college's policy regarding credit by examination, particularly the College Level Examination Program (CLEP). CLEP is a national program that is readily available to the general public. It is designed to measure knowledge acquired outside the formal educational setting. Growing numbers of college entrants are being awarded credit before attending their first class for results of the CLEP tests taken around the time of college entrance. A counselor working with a client who wishes to gain recognition for educational achievement, life experience, independent study, or other form of nonclassroom learnings will find a number of concurrent and continuing opportunities available at the colleges contained herein. Many of the colleges listed offer innovative and exceptional programs of study that are designed to meet the needs of today's student. The 1975 supplement is also included. (Author/DEP)