It is my belief that accrediting agencies have good intentions but they have not lived enough outside of their academic circles to prescribe what is best for all students. On-line universities do not need standing libraries. Most items that are in a standing library may be found on the Internet. On-line universities do not need to have a large resident faculty. Professionals in the required fields of study can evaluate students' work, on a pay per read basis.
Many accredited schools use graduate students to read and evaluate the work of students.
Students who are evaluated by other students are not getting the best value for their tuition dollar. Bundling courses for delivery to students in traditional universities removes the natural diversity and spontaneity that education can take if individual students are allowed to follow their interests during their course of study. Academic freedom does not belong in the hands of a tenured faculty. Academic freedom belongs in the hands of the students. The students know where their interests lay.