Prior Learning Assessment, or PLA, is an important and often overlooked strategy for helping adults progress towards a degree. PLA is the process by which many colleges evaluate for academic credit the college-level knowledge and skills an individual has gained outside of the classroom, including employment, military training/service, travel, hobbies, civic activities and volunteer service. Institutions may use several different PLA methods in order to award credit for prior learning. With support from Lumina Foundation for Education, which works to ensure that 60 percent of Americans are college-educated by 2025, the Council for Adult and Experiential Learning (CAEL) conducted a multi-institutional study on PLA and adult student outcomes, using the records of 62,475 students at 48 colleges and universities. The study attempted to answer the following research questions: (1) Do adults who earn PLA credit have better graduation rates, compared with those who do not earn PLA credit?; (2) Do they have better persistence?; and (3) Do they earn their degrees in a shorter period of time? The data from the 48 postsecondary institutions show that PLA students had better academic outcomes, particularly in terms of graduation rates and persistence, than non-PLA adult students. Many PLA students also shortened the time required to earn a degree; the average time to degree decreased as the number of PLA credits earned increased. (Contains 5 figures.) [For the full report, "Fueling the Race to Postsecondary Success: A 48-Institution Study of Prior Learning Assessment and Adult Student Outcomes," see ED524753.]