College accreditor loses accreditation

[RgrF]

These are the guys that enabled scam colleges to qualify for federal student loans.

The accrediting agency has been accused of lax oversight of its schools, which included those once owned by the now-defunct Corinthian Colleges Inc. and the recently shuttered ITT Technical Institute.

Decision could leave hundreds of thousands of students standed but still owing loan debt

[macphanatic]

Colleges have 18 months to find a new accreditor. Is it that hard for them to find a new one in that time period? I would think any decent school would be starting the process immediately.

[DeusxMac]

macphanatic wrote:
I would think any decent school would be starting the process immediately.

There's the rub.

[RgrF]

A lot of these places should never have been accredited to begin with. Those are the students who'll be most affected.