Statement of Accreditation Status

American College, The (of Financial Services)

  • CEO: Mr. George Nichols III, President and CEO
  • Accreditation Liaison Officer: Ms. Alyson Kline
  • Commission Staff Liaison: Dr. Terence Peavy, Vice President
  • Carnegie Classification: Special Focus Four-Year: Business & Management Schools » Exclusively graduate/professional
  • Control: Private (Non-Profit)
  • Former Name(s): American College of Life Underwriters
  • Phase: Accredited
  • Status: Non-Compliance Probation
  • Accreditation Granted: 1978
  • Last Reaffirmation: 2014
  • Next Self-Study Evaluation: 2021-2022

Contact Information

630 Allendale Road, Suite 400
King of Prussia, PA 19406

(610) 526-1000

www.theamericancollege.edu

  • November 17, 2022
    To acknowledge receipt of the self-study report. To note that the institution hosted a virtual site visit in lieu of an on-site visit in accordance with the United States Department of Education (USDE) guidelines published March 17, 2020. To place the institution on probation and note that the institution's accreditation is in jeopardy because of insufficient evidence that the institution is currently in compliance with Standard V (Educational Effectiveness Assessment), Standard VI (Planning, Resources and Institutional Improvement), and Requirements of Affiliation 8, 9, 10, and 11. To note that the institution remains accredited while on probation. To note further that federal regulations limit the period during which an institution may be in non-compliance. To request a monitoring report due March 1, 2023, demonstrating evidence that the institution has achieved and can sustain ongoing compliance with Standards V and VI, and Requirements of Affiliation 8, 9, 10, and 11 including but not limited to (1) assessment of student learning and achievement to demonstrate that students have accomplished educational goals consistent with their programs of study (Standard V and Requirement of Affiliation 8); (2) its student learning programs are characterized by coherence and appropriate assessment of student achievement throughout its educational offerings, at both institutional and program levels, with evidence that faculty and appropriate institutional stakeholders have considered and used assessment results to improve teaching and learning (Standard V and Requirement of Affiliation 9); (3) sufficiency of resources to fulfill its mission and goals, to continuously assess and improve its programs and services, and to respond effectively to opportunities and challenges (Standard VI and Requirement of Affiliation 11); and (4) clearly-stated, aligned, and coherent institutional and unit objectives, with evidence of the implementation of a systematic, organized, and sustained assessment process demonstrating that institutional and unit stakeholders have considered and used assessment results in planning, budgeting, and the improvement of institutional and unit effectiveness (Standard VI and Requirement of Affiliation 10). To request that the monitoring report also include further evidence of an administration of an appropriate size and with relevant experience to assist the Chief Executive Officer in fulfilling his/her roles and responsibilities (Standard VII). To require that the institution complete and submit for approval, by March 1, 2023, a comprehensive, implementable teach-out plan (Teach-Out Plans and Agreements Policy and Procedures). In accordance with Commission policy and federal regulations, the teach-out plan must provide for the equitable treatment of students to complete their education, if the Commission were to withdraw accreditation, and include any teach-out agreements that the institution has entered into or intends to enter into with another institution. To direct a follow-up team visit following submission of the monitoring report. To note the visit may also fulfill the verification requirements of the USDE guidelines. To direct a prompt Commission liaison guidance visit to discuss the Commission's expectations. Upon reaffirmation of accreditation, the next evaluation visit is scheduled for 2029-2030.
  • March 5, 2020
    To note the substantive change site visit occurred on November 19, 2019, to the main campus at 630 Allendale Rd, King of Prussia, PA 19406 and the information provided in the substantive change request was verified. The next evaluation visit is scheduled for 2021-2022.
  • March 14, 2019
    To note that the Mid-Point Peer Review has been conducted. To request that the next self-study, in preparation for a visit in 2021-2022, provide further evidence of (1) improved financial viability and sustainability (Standard VI) and (2) documented financial resources (Requirement of Affiliation 11).
  • January 4, 2019
    To acknowledge receipt of the substantive change request. To include the relocation of the main campus from 270 Bryn Mawr Avenue, Bryn Mawr, PA 19010 to 630 Allendale Rd, King of Prussia, PA within the scope of the institution's accreditation. To direct a visit to the new campus within six months of commencing operations. The Commission requires notification within thirty days of the commencement of operations at the new campus and the closure of the old campus. Operations at the campus must commence within one calendar year from the date of this action. The next evaluation visit is scheduled for 2021-2022.
  • June 23, 2016
    To accept the monitoring report. The date for the next accreditation review will be determined by the Commission when it revises the accreditation cycle.
  • November 20, 2014
    To accept the monitoring report and to note the visit by the Commission's representatives. To remove the warning because the institution is now in compliance with Standard 14 (Assessment of Student Learning) and to reaffirm accreditation. To request a monitoring report, due April 1, 2016, documenting further implementation of an organized and sustained assessment process for all programs with evidence that results are used to improve teaching and learning (Standard 14). The Periodic Review Report is now due June 1, 2018.
  • November 21, 2013
    To note the visit by the Commission's representative. To remind the institution that it has been warned that its accreditation may be in jeopardy because of insufficient evidence that the institution is currently in compliance with Standard 14 (Assessment of Student Learning). To note that the institution remains accredited while on warning. To remind the institution of the monitoring report, due September 1, 2014, documenting (1) establishment of measurable learning goals, and use of appropriate assessment of the attainment of those goals, at the institution and program levels; (2) evidence of institutional support for assessment activities; and (3) steps taken to promote a culture in which assessment is understood and valued (Standard 14). To remind the institution that the monitoring report should also include documentation of the further implementation of a comprehensive, organized, and sustained process for the assessment of institutional effectiveness (Standard 7). A small team visit will follow submission of the monitoring report. The due date for the next Periodic Review Report will be established when accreditation is reaffirmed.
  • June 27, 2013
    To warn the institution that its accreditation may be in jeopardy because of insufficient evidence that the institution is currently in compliance with Standard 14 (Assessment of Student Learning). To note that the institution remains accredited while on warning. To request a monitoring report, due September 1, 2014, documenting (1) establishment of measurable learning goals, and use of appropriate assessment of the attainment of those goals, at the institution and program levels; (2) evidence of institutional support for assessment activities; and (3) steps taken to promote a culture in which assessment is understood and valued (Standard 14). To request that the monitoring report also include documentation of the further implementation of a comprehensive, organized, and sustained process for the assessment of institutional effectiveness (Standard 7). To direct a prompt liaison guidance visit to discuss the Commission's expectations. A small team visit will follow submission of the monitoring report. The due date for the next Periodic Review Report will be established when accreditation is reaffirmed.
  • July 6, 2012
    To acknowledge receipt of documentation of state approval from the Pennsylvania Department of Education and to include the Ph.D. in Financial Planning within the scope of the institution's accreditation
  • March 1, 2012
    To accept the progress report. The next evaluation visit is scheduled for 2012-2013.
  • March 3, 2011
    To accept the progress report. To remind the institution of the progress report due by November 1, 2011, documenting steps taken to ensure financial support for the Ph.D. program. The next evaluation visit is scheduled for 2012-2013.
  • Distance Education
    Approved to offer programs by this delivery method
  • Correspondence Education
    Not approved for this delivery method

Approved Credential Levels

The following represents credential levels included in the scope of the institution’s accreditation:

  • Postsecondary award (< 1 year) Included within the scope:
  • Post-baccalaureate Certificate Included within the scope:
  • Master's Degree or Equivalent Included within the scope:
  • Doctor's Degree- Research/Scholarship Included within the scope to offer ONE program:

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