Accreditor of for-profit colleges loses appeal to stay alive. Federal education
officials are standing by their decision to cut ties with the nation’s largest accreditor of for-profit colleges — a ruling that will bar hundreds of schools from providing federal financial aid and likely force some to close.
The Accrediting Council for Independent Colleges and Schools, which oversees more than 250 institutions nationwide with a combined enrollment of 600,000 students, had appealed a September Education Department decision to strip it of credentialing authority.
Education Secretary John B. King Jr. denied the appeal on Monday on the grounds of “a profound lack of compliance” with federal standards for accreditors