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Accreditation is an official recognition that a school is credible that is, that the school maintains educational standards well enough that other accredited schools will recognize the professed level of education claimed by its students and faculty.
Being accredited means having to follow rules, standards, common practices. Some colleges don't want to let outside organizations restrict what they can do. If these colleges only train people for specific jobs where employers won't require an accredited degree, they may not see a benefit in earning accreditation.
What happens after a school loses accreditation. In many cases, a loss of accreditation will force the college or university to close its doors. This is because the school will no longer be eligible to receive federal and state financial aid, which is a significant source of funding for many schools.
Unaccredited institutions of higher education are colleges, trade schools, seminaries, and universities which do not have formal educational accreditation. All fraudulent diploma mills are also unaccredited schools, although they may claim accreditation from an unrecognized agency.
Students at institutionally accredited organizations are eligible for federal financial aid, and employers are much more likely to recognize accredited degree programs. Furthermore, having undergone an accreditation process means that the institution meets a high standard of educational quality.
Accreditation is important because it: Helps determine if an institution meets or exceeds minimum standards of quality. Helps students determine acceptable institutions for enrollment. Assist institutions in determining acceptability of transfer credits.
Accredited online colleges gain accreditation through a process laid out by the particular agency. Schools voluntarily submit to this process through the accreditation agencies. Generally, an institution applies for accreditation after spending some time reviewing the agency's standards and preparing for an audit.
Typically, it takes a school between 18 months and 2 years to complete the initial accreditation process.
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