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Betsy DeVos launches investigation after USA TODAY report showed an accredited college, called Reagan National University, had no faculty or students.

USA TODAY

At its essence, a college accreditor ensures that the schools receiving federal financial aid dollars are providing an education to students that can lead to a good jobs that help pay those student loan bills. 

It should go without saying any college approved should exist. But the Accrediting Council for Independent Colleges and Schools seemed to have missed that memo when they accredited Reagan National University, a college that appeared to lack faculty or students, a