College students can only use federal subsidies to pay for their educations if they attend accredited institutions. To stay accredited, higher-education institutions have to participate in accreditation reviews every five to ten years. Colleges have estimated that it costs over $1 million to participate in such a review, largely in the form of administrator and staff time. To learn more about how colleges and other postsecondary institutions get and stay accredited, read “Accreditation, Explained” on

—Education Next

Last updated June 15, 2018