Michael A. Gayed: Colleges can now replace accreditors and new accreditors skip two-year wait

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Mykhailo Ihnatenko

31.10.2026

Michael A. Gayed: Colleges can now replace accreditors and new accreditors skip two-year wait — Colleges gain new accreditor options

Colleges can now change their accrediting organizations, and newly established accreditors no longer face a mandatory two-year waiting period before becoming eligible, according to Michael A. Gayed. He adds that a lesser-noticed provision involving transfer credits could impact transactions worth billions of dollars annually.

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Gayed has recently highlighted APLD’s $3.0 billion in capital expenditures compared with $116 million in expected revenue as the company reported earnings, according to a previous note (read more). He also commented on PSEC yielding 21% and trading at a significant discount to NAV, with net investment income covering payouts by 131% after a recent cut (see details). These observations provide additional context on how Gayed tracks large financial figures and organization-level developments.

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