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The Watchdogs of College Education Rarely Bite

The recent collapse of Corinthian Colleges, a for-profit college chain, has led to renewed scrutiny of college accreditors, the gatekeepers to federal student aid. One of the biggest criticisms has been that accreditors lack uniform standards for evaluating colleges and rarely kick out the worst-performing colleges. This article compares colleges that have lost accreditation with institutions that still have it, and finds hundreds of accredited institutions that have lower graduation rates or higher student-loan default rates than the banished colleges.