Complex sentence: The university's website and associated prospectus states that it is accredited in the United States by agencies specializing primarily in distance learning and by the World Association of Universities and Colleges, which is an unrecognized accreditation agency.
Split into simpler sentences: The university's website and associated prospectus states that it is accredited in the United States by agencies specializing primarily in distance learning. It also has reported being accredited by the World Association of Universities and Colleges, which is an unrecognized accreditation agency.