Institutional accreditation is a formal recognition process that evaluates the quality and effectiveness of an educational institution, such as a college or university. This process is conducted by an accrediting body, which assesses various aspects, including academic programs, faculty qualifications, and student services. Accreditation ensures that institutions meet specific standards of excellence. Accreditation is important for students, as it affects their ability to receive federal financial aid and transfer credits between institutions. Additionally, attending an accredited institution often enhances the value of a degree in the job market, as employers typically prefer graduates from recognized programs.