You shouldn’t be able to call yourself a college or university without being accredited by one of the existing accreditation bodies like Middle States!! Federal and Pell grants should not be extended to students who elect to attend schools that do not meet accreditation standards. While people are free to choose whatever educational experience they like and should be responsible for doing their research, there is no reason we should waste tax dollars on loans for students to attend substandard institutions. Too often these loans are not repayed. The issue is not interfering with for profit schools it is merely saying that our tax dollars should not be used to create profits for enterprises which do not meet educational standards. I suspect those who are so worried about regulating private companies and adults taking responsibility didn’t read all the way to the end to get to the part about tax dollar support in the form of loans for those who make bad choices.