EASTERBROOK, Circuit Judge.
Loans guaranteed by the federal government are available to persons who attend accredited trade schools. Federal agencies do not accredit schools; instead they accredit accrediting agencies, which apply standards of their own devising but satisfactory to the national government. The Accreditation Alliance of Career Schools and Colleges, an approved accrediting agency, declined to renew the accreditation of the Chicago School of Automatic...
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