(ABC News) The U.S. Department of Education proposed on Wednesday to shut down the nation's largest accreditor of for-profit colleges, a rare move that could put dozens of schools at risk of losing federal funding.
The recommendation from the department's staff would sever ties with the Accrediting Council for Independent Colleges and Schools, a national group that oversees 900 campuses and wields the seal of approval that colleges need to receive federal aid. The group has been under intense scrutiny after critics, including attorneys general in 13 states, accused it of overlooking deception at some schools.
Anthony Bieda, the council's chief, said it takes the education department's recommendation "very seriously."
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"The recommendation to deny recognition is disappointing, and must be addressed directly and decisively by the board and senior management of the agency," he said.