Ac­cred­i­tor of for-profit col­leges loses ap­peal to stay alive. Fed­eral ed­u­ca­tion

The Denver Post - - BUSINESS -

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

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