IL SB3300

Creates the Credit for Prior Learning Act to allow public universities and community colleges to award credit for prior learning based on documented achievement of course terminal objectives.

Requires each public university to submit credit for prior learning policies and procedures to the Board of Higher Education for review and approval, including acceptable documentation types and inclusion dates.

Requires each community college to submit credit for prior learning policies and procedures to the Illinois Community College Board for review and approval, including acceptable documentation types and inclusion dates.

Directs the Board of Higher Education and Illinois Community College Board to adopt rules permitting institutions to award credit for prior learning after assessment of documented learning demonstrating achievement of all terminal objectives for specific courses.

Aims to reduce college costs, accelerate degree completion, facilitate non-traditional student transitions into postsecondary education, and improve degree attainment for underserved populations.