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What does it mean when a college is placed on Warning by the Accrediting Commission?

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What does it mean when a college is placed on Warning by the Accrediting Commission?

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Warning is one of several levels of sanctions that may be applied by the Accrediting Commission. It is the least severe of the sanctions that might be applied. While not awarded Reaffirmation of Accreditation status, the college is given an opportunity to correct the deficiencies the Commission has identified and is STILL ACCREDITED during this period.

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