College Accreditation is Needlessly Mysterious
Higher education in America has become so large, so complex, and so rigid, that there are many functions at its heart that few understand. One of the most important is accreditation. Without accreditation from a recognized body, a college or university cannot get federal loans or other financial aid for its students. Given the importance of federal financial aid — the total of outstanding student loans is now greater than outstanding credit-card loans — one might think that the accreditation…