The newspaper reports that, "Sage College is the latest in a series of private for-profit colleges to abruptly quit the business. Unlike some other such institutions, however, there were no claims that the school had a bad actor. Instead, it fell victim to the actions of its accrediting agency, the Accrediting Council of Independent Colleges and Schools."
In December, the accreditor, ACICS, lost a final appeal to retain its standing with the U.S. Department of Education to retain its status as an accrediting entity. As a result, schools like Sage lost their accreditation status because they had been accredited by ACICS. Such schools had 18 months to find another accrediting agency.
Sage disclosed via an FAQ page this week that it had discovered it would be difficult to gain accreditation from a different entity. “We learned that Court Reporting programs do not meet required benchmarks to qualify for the approval process,” the material says, “therefore moving forward in that direction was not a viable option for us.”