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A 34,000-student university in Chile affiliated with Laureate Education, Inc. has received notification from the National Accreditation Commission that its institutional accreditation will not be renewed at the end of its current three-year term. The Universidad de las Américas plans to appeal the decision, which -- if it stands – would mean that new students would be ineligible for government loans or grants.

The university has not yet received the report from the accreditor indicating the reasons for the decision, said Matt Yale, a Laureate spokesman. He’s confident of the university’s chances for a successful appeal nonetheless. 

“We are very confident because this is a really great university with a world-class management team, commitment to student outcomes, and a track record of operating a very good university,” Yale said.

Laureate, a for-profit university system, has grown its overseas footprint rapidly in recent years, expanding to operate 78 institutions in 30 countries. It operates six higher education institutions in Chile, including three full-fledged universities.

Laureate is not the only multinational for-profit education operator to face accreditation woes in Chile. In 2012, the National Accreditation Commission rescinded its approval of the Universidad de Artes, Ciencias y Comunicación, which is operated by Apollo Group, the parent company of the University of Phoenix.