Getting and keeping accreditation is critical for almost all colleges in the United States. Accreditation is third-party validation that a college meets minimum standards. Not only is institutional accreditation required for participation in federal student loan programs, but without accreditation, it is hard (if not impossible) to be authorized…

State support for public colleges and universities is based on a historic relationship; these institutions were established to perform the public service mission of predominantly educating residents from local and state-wide communities at a lower price than private, independent colleges and universities. In return, the states appropriated funds…