S 18's HS offering college credit for HS classes: worth it?

No point for algebra 2 or trigonometry.

For the history and English courses, could the student take the AP exams at the end of the year?

College credit for courses during high school would be most useful for college level courses that are not covered by AP exams (e.g. multivariable calculus and other similarly advanced math courses), or where the AP exams are less commonly accepted (e.g. calculus-based physics for physics and engineering majors).