States such as New York, Minnesota, Mississippi, Delaware, Michigan and Colorado offer low-income students financial aid to cover exam fees for Advanced Placement (AP) and International Baccalareate (IB) tests.

International Baccalaureate exams cost $54 and AP exams cost $83. While this seems like a small amount of money, consider that most students will take more than one of these exams, one for each subject area.