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What is the difference between an accredited online degree and an unaccredited online degree?

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What is the difference between an accredited online degree and an unaccredited online degree?

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Accreditation is a process by which colleges and universities are held to a high academic standard of quality by meeting a number of rigorous requirements. When a college has passed accreditation, it joins the ranks of other institutions that have met the same high standards. An unaccredited college is one that has not passed the accreditation process; though some in this category may later become accredited schools.

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