This came up in class on Saturday, about how schools are now required to take all credits from institutions regardless of accreditation. I looked more into the specifics and here is a brief summary:
"Student achievement: The act reflects the essential historic distinction and collaborative relationship between institutional standards and accreditation standards regarding student achievement. An institution sets its own specific standards and measures consistent with its mission and within the larger framework of the accreditation standards. In consultation with institutions, accreditors set common standards that are used to review all of the institutions they accredit."
Basically, as Dr. Syb pointed out, it puts the responsibility back on the school to determine the academic nature of the course and whether to give credit. The act dictates that schools are required to review all credits that a student has taken. So, before when a school would not even look at a transcript because the institution was not accredited, now it is required to accept and review all transcripts. The question becomes, does doing this lower the standards of higher ranking schools that pride themselves on academic responsibility?