Now that the accrediting agencies which, according to the report coming from Senator Warren’s Office, used to rubber stamped the colleges’ accreditation are doing their job.  Several weeks after the DOE has revived its operation ACICS shows what the agency and any other accrediting agencies in the country supposed to be doing many years ago by revoking the accreditation of a college in FL.  Recently, we learned an institution that has operations in the whole country was shut down due to its accreditation was taken out by ACCSC.  Increasing the possibility of college closures starting in 2013 in the US has been predicted by AAEA many years ago.  The reasons why it may take several years until what we have predicted finally became a reality is continued denial from the players.  However, our research findings show they are going to happen.  It is just a matter of time.  Perhaps, the regulator is waiting until the national student debt reached $1.5 trillion.

Whatever the reasons are, the American public is happy for sure that finally the rules of land and the rule of logic are triumphed.  But the damages have been done.  The $1.5 trillion student loan debts are here.