The difference between an accredited college and non accredited college?

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According to the Department of State, in the US, accreditation is voluntary, so an institution can choose whether it wishes to be regionally or nationally accredited - or not accredited at all. (In some states, I could put a box on a street corner, call it a university, and hand out degrees.) Students at institutions that do not hold some form of recognized regional or national accreditation are likely to encounter problems in obtaining scholarships, transferring credits, having their credentials recognized by employers, etc

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