A guide is presented for students on the policies and practices of public and private New York colleges and universities in regard to granting credit, course waiver, or advanced standing to those who pass the College Proficiency Examinations (CPEs) and the Regents External Degree Examinations (REDEs). A chart indicates, for each institution and subject field, the tests it accepts, the grade or score required, and the number of credits awarded. A separate section provides information on any conditions pertaining to the granting of credits for CPEs and REDEs, as well as the office on each campus to contact when requesting credit. Specifically, the following identifying information is included for the alphabetically-listed institutions: mailing address, telephone number, whether it is a two-year or four-year college and the level of degrees offered, and the contact person or office. For each test, the grading system used, the number of recommended credits, and the type of test items are also specified. Questions and answers about the CPEP and REX examinations are included. It is noted that of the state's 248 degree-granting institutions, 200 indicated that they will accept one or more of the CPEs or REDEs. Among the other 48 institutions are seminaries, graduate facilities, and professional schools. (SW)