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What are some other reasons for accreditation? Why does it exist?

April 26, 2017accreditation exist reasons

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What are some other reasons for accreditation? Why does it exist?

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If a college has accreditation by a US-approved accreditation organization, then this also helps that institution to know if transfer credits from other universities are acceptable and valid to their students. In addition, accreditation helps institutions to become eligible to receive financial aid for their students. Actually, being an accredited college is one of the mandates for obtaining financial aid programs.