Steve Muehler's Plan to Reform Federal Financing from Accreditation
Updated: Apr 23
Currently, higher education accreditation is a de facto Federal Enterprise, with Federally Sanctioned Regional and National Accrediting Agencies being the sole purveyors of accreditation. Student aid can only flow to institutions accredited through the Federally Approved System.
The result has been a system that has created barriers to entry for innovative start-ups by insulating traditional brick-and-mortar colleges and universities from market forces that could reduce costs. The existing accreditation regime has also made it difficult for students to customize their higher education experience to fully reach their earnings and career potential. And because entire institutions are accredited instead of individual courses, accreditation is a poor measure of course quality and a poor indicator of the skills acquired by students.
Under my Administration, we will decouple Federal Financing from accreditation, which will enable States to determine who can accredit colleges, programs, and individual courses. Allowing Federal Student Aid to follow students under the new State-based Accreditation System to any college or course provider that has State Approval holds the potential to create a much more nimble and meaningful system of knowledge and skill acquisition, particularly for those who have been under-served, historically, by the traditional college system.
Steve Muehler is the Founder & Managing Member of the Private Placement Markets:
Private Placement Markets: www.PPMSecurities.com
Private Placement Debt Markets: www.PPMDebt.com
Private Placement Equity Markets: www.PPMEquity.com
Private Placement Markets – Real Estate Loans: www.PPMLoans.com
Equity Lock Residential: www.EquityLockResidential.com
Equity Lock Commercial: www.EquityLockCommercial.com
About Mr. Steve Muehler, Founder & Senior Managing Member:
Personal Site: http://www.SteveMuehler.com
Personal Site: www.StevenMuehler.com