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> The bar to gain accreditation is so high that only large universities and (relatively) dishonest private corporations can get accredited

What stops an honest private corporation from getting accredited?

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I'm guessing guild-like political discretion.

And financial requirements. Because public universities have subsidies and donations coming in they can afford facilities required by some of the more arcane standards. Private Universities have to charge an arm and a leg and basically bury students in debt they'll likely never pay. If you aren't willing to do that you have a hard time succeeding

Nothing. They call those "universities".

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