In July 2014, the U.S. Department of Education announced a new round of experimental sites focusing on competency-based education. Capella University was selected to participate in three of the Department of Education's competency-based education (CBE) experiments and began by implementing the prior learning assessment experiment, which allows participating institutions the ability to offer Title IV funding to learners who are pursuing the attainment of academic credit through prior learning assessment. Since implementation in 2015, Capella University has identified several trending results and benefi ts from the experiment, including but not limited to the following: direct cost savings, increased grade point averages (GPA), decreased time to complete a credential, increased graduation rates, and decreased past-due balances and return of Title IV fund calculations. This article discusses Capella's early results for the Prior Learning Assessment Experiment Site Initiative, representing data from July 2015 through September 2016.