For-profit schools, such as the University of Phoenix and Kaplan University, have garnered significant attention in recent years, U.S. News reports.

As the schools seek to reach more students through aggressive advertising campaigns—University of Phoenix has a $154 million naming rights deal for the NFL's Arizona Cardinals' stadium—and politicians push for more stringent industry regulations, efforts made by other schools in the online sector can go seemingly unnoticed. For-profit schools are not accredited by the Association to Advance Collegiate Schools of Business (AACSB), which is regarded as the benchmark for business school quality among the academic community,...

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