New England College of Business and Finance (NECB) Partners with the Council for Adult and Experiential Learning (CAEL) to Launch Prior Learning Assessment

Feb 24, 2014

Eligible students will receive academic credit for previous work experience

BOSTON, MA– February 18, 2014 – New England College of Business and Finance (NECB), named the lowest tuition among all private four-year colleges in New England (U.S. Department of Education College Affordability and Transparency Center, 2011-2014) and a leading institution of online education designed for working adults seeking career advancement, today announced a partnership with the Council for Adult and Experiential Learning (CAEL) to offer Prior Learning Assessment, a valuable tool to help students earn credit for career and professional experience.  Through this partnership with  CAEL, a national nonprofit that works at all levels within the higher education, public and private sectors to make it easier for people to get the education and training they need, NECB students will have the ability to advance their education quickly and inexpensively.  As competency-based education grows increasingly popular in the higher education space, NECB wanted to take action and show its commitment to providing flexible learning opportunities to students eager to apply their professional experiences to their coursework.  

"At NECB, we recognize that many of our students possess significant professional experience," said Dr. Sharon L. Fross, Provost of NECB. "It is important that we provide the opportunity to earn credit for skills, learned outside the classroom, to help them to advance their education at NECB."

Through this partnership, NECB students can discover which knowledge they already possess that could be worth academic credit, and enroll in CAEL100 Prior Learning Assessment Theory and Practice, a portfolio development course. During this six-week course, students will learn how to create a learning portfolio of their professional and independent work, which can be evaluated for academic credit. Upon review of the portfolio, students may be eligible to transfer up to 15 credits to use in their degree program.

"At CAEL, it's our mission to make it easier for working adults to get the education and training they need to succeed," said Pamela Tate, President and CEO of CAEL. "We look forward to offering Prior Learning Assessment information and our Portfolio Development course to NECB's students as a way for them to reach their ultimate goals of career advancement and success."

About New England College of Business and Finance
Founded in 1909, New England College of Business and Finance (NECB) is a leading Boston institution offering quality education and online degrees at the undergraduate and graduate levels.  Serving students across the United States, NECB is an online college accredited by the New England Association of Schools and Colleges (NEASC) and is licensed by the Massachusetts Department of Higher Education.  For information on NECB, visit, follow NECB on Twitter or connect with the school on Facebook.

About the Council for Adult and Experiential Learning
The Council for Adult and Experiential Learning (CAEL) is a nonprofit 501(c)(3) organization based in Chicago, Illinois that assists adults with their educational endeavors, finding practical ways to help them earn college credit for learning acquired through life and work experiences toward the completion of a postsecondary degree. CAEL works with the public sector, private sector industries, and higher education institutions to ensure that adult students receive the most efficient training and education to occupy a meaningful professional place in a 21st century economy. Since 1974, CAEL has assisted colleges and universities to develop programs that evaluate adults' non-collegiate learning for college credit. CAEL is the recognized national expert on a method known as portfolio assessment, and its Ten Standards for Assessing Learning are used by colleges and universities, as well as accrediting organizations, across the country. More information is available at Follow CAEL on Twitter at or like us on Facebook at