Bryce is correct on accreditation and being thus recognized by the dept. of Ed for student loans. And, that is exactly what the AEA was trying to do years ago. I was part of the accreditation process and we developed landmark work for our electrology schools. AEA probably spent $100K developing the program (our advisor had done the accreditation for Harvard!)
After all that work (a period of about 2 years) we only had two schools apply for accreditation. Remember the AEA program is the REAL DEAL — it’s just that nobody seemed to want it!