Accreditation is significant for educational institutions as it verifies that they meet established standards of quality and performance. This process involves rigorous evaluations by recognized accrediting bodies, ensuring that institutions maintain a commitment to continuous improvement. Accreditation not only enhances an institution's reputation but also enables students to transfer credits between accredited schools. Furthermore, it is often a prerequisite for federal funding and can influence hiring practices. Overall, accreditation serves as an assurance to students and stakeholders that the institution delivers a credible and high-standard education.