Most for profit colleges are already accredited, although often not from the regional accreditarsi that oversee the four year non-profits. Additionally, many professional programs, like nursing, require additional program accreditation before a student can sit for the licensure exam. The problem is not insufficient accreditation but lack of student understanding of the accreditation already in place. The Gainful Employment Regis are enormously damaging to innovative programs in fields that do not command large salaries; they also too-narrowly define gainful employment so that a graduate may land a lucrative job, but if it is not 51% in the narrow definition of the field, the grad is considered unemployed. Finally, for those of you citing Trump University, that program never positioned itself as a degree program. It was unaccredited, was ineligible to receive federal financial aid dollars, and awarded no degrees or certificates. It was simply a training program of the sort that many companies use in house to train workers, only this one targeted individuals who wanted to learn real estate.