PassGuard: Continued CFA Prep Support If Your Exam Does Not Go as Planned
Preparing for the CFA® exam takes time, structure, and steady practice. But even serious candidates do not always get the result they want on exam day.
PassGuard gives eligible KeyPoint Learning candidates continued access to their same CFA study package if they complete the required study milestones and do not pass their exam.
It is not a pass guarantee. It is not a refund policy. It is our way of helping committed candidates keep preparing for their next eligible exam window without starting from zero.
Frequently Asked Questions About PassGuard
How often are CFA exams held?
CFA exams are held in scheduled windows throughout the year. Level I is offered four times a year, Level II is offered three times a year, and Level III is offered twice a year.
Level I
Level II
Level III
When are CFA Level I exam dates?
CFA Level I is offered in February, May, August, and November. For 2026, the windows are February 1 to 8, May 12 to 18, August 18 to 24, and November 11 to 17.
Level I
When are CFA Level II exam dates?
CFA Level II is offered in May, August, and November. For 2026, the windows are May 19 to 23, August 25 to 29, and November 18 to 22.
Level II
When are CFA Level III exam dates?
CFA Level III is offered in February and August. For 2026, the windows are January 29 to February 1 and August 13 to 17.
Level III
What is the CFA exam rescheduling fee?
The CFA exam rescheduling fee is $250. It applies when you change your appointment date, time, or location within your current exam window. Confirm the current fee with CFA Institute before relying on it.
Level I
Level II
Level III
Can I take two CFA exams in one year?
Yes. You can sit CFA exams twice in one calendar year, as long as the exam windows are not consecutive or within six months of each other. In practice, your result release date and remaining study time will determine whether this is realistic.
Level I
Level II
Level III
How early should I register for the CFA exam?
Register before the early registration deadline where possible. It gives you the lower registration fee and more time to plan your study schedule before exam day.
Level I
Level II
Level III
Is the CFA registration deadline the same as the scheduling deadline?
No. Registration confirms that you have signed up for the exam window. Scheduling is the separate step where you choose your test date, time, and location.
Level I
Level II
Level III