Final answer:
The statement describes the Advanced Placement (AP) program, which allows students to earn college credit through exams and transfer credits from high school.
Step-by-step explanation:
The type of college credit program that the statement describes is the Advanced Placement (AP) program. This program allows students to take exams and earn college credit without taking any additional classes. It also allows students to take a technical major program in high school and then transfer that credit into the partnering postsecondary institution.
Learn more about Advanced Placement (AP)