pˈɑːlɪsiz vˈɛɹi baɪ ˌɪnstɪtˈuːʃən, bˌʌt ˌɪnstɪtˈuːʃənz ðæt ɐwˈɔːɹd kɹˈɛdɪt jˈuːʒuːəli ɹᵻkwˈaɪɚɹ ɐ skˈoːɹ ʌv θɹˈiː ɔːɹ hˈaɪɚɹ ˌɔn ˌɛni ɡˈɪvən ɛɡzˈæm fɔːɹ kɹˈɛdɪt təbi ɡɹˈæntᵻd ɔːɹ kˈoːɹs pɹˌiːɹˈɛkwɪsˌɪts təbi wˈeɪvd ænd ɐkˈoːɹdɪŋ tə ðə kˈɑːlɪdʒ bˈoːɹd wˈɛbsaɪt, sˌʌm wɪl ɐwˈɔːɹd æn "ˈeɪ" ɡɹˈeɪd fɚɹə fˈaɪv skˈoːɹ.
Policies vary by institution, but institutions that award credit usually require a score of 3 or higher on any given exam for credit to be granted or course prerequisites to be waived (and according to The College Board website, some will award an "A" grade for a 5 score).