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Financial Education for Securities, Banking, & Insurance Professionals.

Protecting Your Course Credits with the 5-year Rule and Current Curriculum Requirements

The American College's commitment to the highest standard of knowledge and trust means that we keep our programs and our students up to date for today’s clients. To accomplish this goal, we’ve implemented several policies designed to keep all students on a curriculum that includes relevant and current courses. These policies include a requirement for timely completion of educational programs and a phase out of courses and programs that are no longer offered (the 5 Year Rule), and a requirement that all students must graduate under current curriculum requirements (Current Curriculum Rule). Once you have completed your program, continuing education requirements continue the emphasis on consistently renewing your knowledge to best serve your clients.

The 5-year rule applies to all programs of study offered by The American College, including designations, FSCP®, the College's educational component of the CFP® Certification program, and the AEP and certificate programs. Courses not designed to be part of an academic program, such as CE courses, are excluded.

The current curriculum rule applies to most Huebner School programs. The current curriculum rule requires that a student enrolled in a program of study must complete the curriculum requirements in place as of the date of graduation in order to complete the program. The current curriculum requirement applies to all Huebner School programs EXCEPT CASL®, REBC®, and ChHC®.

Read here to learn more about the current curriculum rule.

Conditions of the 5 Year Rule and Current Curriculum Requirement
It is critically important that you understand the 5-year rule and the current curriculum requirement so you do not lose any of the credits you have worked so hard to earn.

Under the 5 Year Rule, credit for courses passed on or after 1/1/2006 are CONTINGENT until completion of the program, upon which they become PERMANENT credits. CONTINGENT credits will expire five years after the pass date for the course if the related program of study has not been completed. Credits for courses passed prior to 1/1/2006 or any course in a completed program (regardless of date of completion) are PERMANENT credits. If your CONTINGENT credits expire, you will be required to retake the course for the course to count towards your program of study as long as the course still exists in the program’s current curriculum. If the course is no longer a part of the current curriculum, you must take another course within the current curriculum.

Under the current curriculum requirement, unexpired CONTINGENT credits and PERMANENT credits will count toward any applicable program of study that you pursue with the American College as long as the course remains in the program’s current curriculum. If you have PERMANENT or unexpired CONTINGENT credits for courses that are no longer in the current curriculum, you will be required to take a new course within the current curriculum for the course to count towards your program of study.

How these rules may impact you: If you have PERMANENT or CONTINGENT credits and are enrolled in a program subject to current curriculum rules, your credits will only apply towards completion of the program if those courses remain in the current curriculum. If the course is removed from the current curriculum, the course and related credits will not count towards completion of that program. The original course and applicable credit will be listed on your student transcript, but will not count towards completion of the program.

Students will be required to comply with any changes that have occurred to the program of study since the date of enrollment in that program, including:

  • taking any additional courses that have been added to the program

  • taking a new course in the current curriculum to replace a course that has been removed from the curriculum

Transfer-of-credit rules follow the same procedure based on the date the transfer was posted. Transfers posted prior to 1/1/2006 are PERMANENT credits, and transfers after 1/1/2006 are CONTINGENT credits pending program completion under the rules outlined above.


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5 Year Rule PDF
Programs of Study
Centers of

Insurance Education

Registered Health Underwriter®

(Health Insurance)


Chartered Healthcare Consultant®

(Healthcare Specialty)


Registered Employee

Benefits Consultant

(Employee Benefits)


Chartered Leadership Fellow®

(Field or Agency Leadership)


Life Underwriter Training

Council Fellow

(Insurance Skills)


Chartered Life Underwriter®

(Insurance Specialty)

Financial Planning

Chartered Financial Consultant®

(Advanced Financial Planning)


Certification Education

(Financial Planning)


Chartered Advisor for

Senior Living®

(Retirement Income Education)


Financial Services Specialist

(Financial Services Basics)


Chartered Advisor

in Philanthropy®



Retirement Income

Certified Professional

(Retirement Income)

Graduate Degrees

Master of Science in Management

(Executive Leadership)


Master of Science in

Financial Services

(Advanced Financial Planning)