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FREQUENTLY ASKED QUESTIONS
| I. |
What is the difference between an ACBSP member institution and an
ACBSP accredited institution?
Member institutions have paid their annual dues and are eligible for
assistance in obtaining accreditation. Accreditation is a process
established to ensure public protection of and instill public confidence
in collegiate professional business schools and programs. In the United
States, accreditation is voluntarily sought by institutions and is
conferred by nongovernmental bodies. It is of two types: (1)
Institutional and (2) Specialized.
Institutional accreditation involves an evaluation of the entire
institution and is usually provided by regional accreditation
associations. In contrast, specialized accreditation involves the
evaluation of particular units, schools or programs within an
institution. The specialized function of ACBSP focuses on business
schools and programs within colleges and universities that have already
received institutional accreditation.
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| II. |
What is the status of an institution that is a "Candidate" for
Accreditation?
An institution with "Candidacy Status" has paid a $1,250 fee and is
preparing their program for accreditation within 5 years. It is
especially designed to assist business schools and programs in
developing a plan to become accredited. Mentoring, counseling and
advising services are available from the National Office of ACBSP as
well as from accredited institutions. A word of caution is in order at
this point. While ACBSP wants to actively help institutions achieve
accreditation, and while it has established this program for that
purpose; ACBSP is not in a position to guarantee that institutions will
receive accreditation by becoming a "Candidate" for Accreditation.
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| III. |
What are the annual dues and fees?
- Membership Dues for Unaccredited Institutions -- $1,250 Annually
(July 1 - June 30)
- Application for Candidacy -- $1,250
- Application for Accreditation -- $2,500 (Candidates $1,250
counts toward the $2,500)
- Annual maintenance fee -- $500 during each year of candidacy.
- Membership for Accredited Institutions-- $1,850 Annually
- Deposit for Site Visitation -- $3,000
This deposit requirement is effective as of 2001/2002. This deposit
will be increased if estimated costs exceed $3,000. After all
expenses have been filed and reimbursed by ACBSP, the deposit
balance will be reconciled and the institution will either receive a
partial deposit refund or be invoiced in the amount by which actual
costs exceed the deposit.
- Fee for Reaffirmation -- No Fee, only the cost of the site visit.
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| IV. |
How many members are there currently?
26 Institutions offer both baccalaureate and associate programs of which
22 are accredited.
172 Two-Year Institutions of which 146 are accredited
369 Four-Year Institutions of which 232 are accredited |
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