The accreditation system is broken

From The Chronicle of Higher Education: “Thousands of institutions leave students even worse off than if they hadn’t enrolled in the first place. At nearly 30 percent of colleges, more than half of students earn less than high-school graduates 10 years after enrolling. At hundreds of colleges, more than 70 percent of students earn less than high-school graduates over that same time. Colleges that serve students so poorly shouldn’t be able to continue operating with impunity, and there is a system in place to make sure they don’t: accreditation. … The accreditation system is broken. Accreditors regularly approve colleges that have no business operating. Without major changes in the system, they will continue to do so.”