America’s higher-education accreditation system is broken. The current system – which forces schools to be certified by regional accreditors in order to receive federal money – was created to safeguard taxpayer dollars. But today it safeguards mediocrity and the status quo.Once a school receives accreditation, it hardly ever loses that status, but new schools – especially innovative schools – often find it prohibitively difficult to obtain accreditation. The system misleads parents into believing that accreditation equals quality, and it wastes piles of money. Christopher Eisgruber, provost of Princeton University, testified that renewing accreditation can cost a single college or university over $1 million and hundreds of hours of staff time.