<p>Well, this is the government, or to be more specific, the IRS. Nothing is clear. It does seem that whomever wrote the legislation/rules at least considered the possibility that some student would be able to get a degree in less than 3 years. Still I would guess that if you called IRS for clarification 3 times you would get three different answers.</p>
<p>If “proficiency examinations” means credit given for AP scores, then that would apply to my son. He will use AP credits to meet 20% of his graduation requirements. He graduates next spring so if the credits are extended maybe he would qualify.</p>
<p>One reason that makes me think there may be a “gotcha” is that on stuff like FAFSA, as soon as a student graduates he/she becomes independent.</p>
<p>Other opinions?</p>