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It's a real shame that the established players can use accreditation so well to prevent competition.

I briefly taught at http://en.wikipedia.org/wiki/Neumont_University, which used a more expensive hack to handle the accreditation problem: they bought an existing college. (Neumont is VC-backed; obviously that's not something you can bootstrap. It's also probably not something a $99/m model can afford anyway...)

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