Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

ITT Tech, Corinthian accreditor loses authority

Kimberly Adams Sep 26, 2016
Share Now on:
HTML EMBED:
COPY
Corinthian Colleges had owned the Everest College system.
DanielPenfield/Wikimedia Commons

The U.S. Department of Education has stopped recognizing the largest accreditor of for-profit colleges, citing numerous regulatory violations. The Accrediting Council for Independent Colleges and Schools had given its stamp of approval to now-discredited schools such as ITT Tech and Corinthian College, among others.

Robert Kelchen, an assistant professor for higher education at Seton Hall University, said there are hundreds of schools still accredited by ACICS.

“Within 18 months, all these colleges have to find a new accreditor, or the students lose their federal financial aid,” Kelchen said. There are billions of dollars in aid for hundreds of thousands of students tied up in for-profit colleges, many of which rely on federal aid for a large chunk of their revenue.

Christine Lindstrom, the higher education program director at the U.S. Public Interest Research Group, said many of the schools that received accreditation through ACICS will struggle to find another organization to validate them, and some will likely go out of business.

ACICS has appealed the decision, calling the department’s conclusions “arbitrary” and “capricious.”

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.