The U.S. Department of Education last month finalized its decision to terminate the Accrediting Council for Independent Colleges and Schools, a controversial national accrediting agency that oversaw Corinthian Colleges, ITT and other failed for-profits.
Before the end of December, all remaining ACICS institutions filed paperwork with the department to retain their federal aid eligibility for 18 months while seeking a new accreditor, the department said this week. The roughly 245 colleges collectively received $4.76 billion in federal aid during 2015.
Ted Mitchell, the U.S. under secretary of education, said in an interview that he was encouraged by the transition process so far for ACICS-accredited colleges.
"The institutions are taking their responsibilities seriously," he said. "We're working to make this transition as successful as possible."
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2017/01/10/acics-accredited-colleges-meet-federal-deadline