Accreditation organizations are private. Vetted by the Department of Education, but still private organizations.
It's just an external audit, and there's nothing at all wrong with that. These for-profit organizations are defrauding students by providing very low quality and very expensive educations, all the while passing the low quality standards set by a broken accreditor.
Market solutions don't work when the target audience are young people investing a huge chunk of their lives in education. If a new brand of coffee and it's horrible, you can just try a different brand. A college student doesn't have the same luxury.
It's just an external audit, and there's nothing at all wrong with that. These for-profit organizations are defrauding students by providing very low quality and very expensive educations, all the while passing the low quality standards set by a broken accreditor.
Market solutions don't work when the target audience are young people investing a huge chunk of their lives in education. If a new brand of coffee and it's horrible, you can just try a different brand. A college student doesn't have the same luxury.