The Academic Credit Bank System (ACBS) is an open educational system which recognizes diverse learning experiences gained not only in college but also out-of college. When the learner accumulates the necessary ACBS-approved credits, he/she can be awarded a university graduate and postgraduate degree.
The Academic Credit Bank System aims to provide all adults with greater access to a variety of educational opportunities and to foster a lifelong learning society. It seeks to innovate, diversify and maximize the educational opportunities for learners, studying at colleges & institutes, and adults, seeking additional education and training.
The ACBS is intended to benefit the following groups:
Former college or university students who discontinued their studies.
Workers who hold professional certificates but did not acquire a university degree.
College or university graduates who wish to commence studies in a different field.
People who wish to acquire formal credits for knowledge and skills gained through self-instruction and workplace training and experience.
People who have studied at private institutes or junior colleges and wish to transfer into the university system.
Credits are acquired primarily through education and job training institutes, part-time enrollment, certificate acquisition, and passing the degree examination program for self-education. The ACBS also grants recognition to a learner¡¯s diverse learning experiences, including prior course credits and various forms of learning.
Educational institutes are formally evaluated to be an ACBS-accredited institute offering courses which can be counted as university equivalent credits.