Excdelsior Credit Bank/ Can I use credit towards their degree?

[skybirds]

I read the Excelsior prospectus. It seems to say that they will credit bank but if you later decide to apply for a degree from them they will not honor those credits. Is this true?

[TMW2010]

From what I see, they'll use the credits towards the degree, except -

Duplicative (not repeated) courses are listed on a Credit Bank Transcript but such credits will not apply toward an Excelsior College degree if you decide to enroll.

[MaieJaie]

I'm curious as to why you would want to spend the money to credit bank if you plan upon pursuing your degree soon. Credit banks are a way for people who are not pursuing a degree to be able to demonstrate to some organization, usually their employer or potential future employer, that they do have college credits despite not having earned a degree. Credit banks work well for people who have credits that aren't on the transcripts of previous colleges, such as credits earned through ACE accreditation, since they are essentially just paying a school to list credits on a transcript.

For most people, though, a credit bank is generally a waste of money. This is especially true for those who plan to pursue a degree, since you have to send in transcripts from all previous colleges when you enroll at a new school, anyway. Even if you were to credit bank at Excelsior, then you would still have to send in transcripts from all previous institutions attended upon enrollment as a degree-seeking student, whether at Excelsior or pretty much anywhere else.