Tackling the Myth: Is Accreditation Too Expensive for Small Organizations?
When small organizations consider accreditation, one of the biggest hesitations is cost.
The perception that accreditation is too expensive often stops organizations from even exploring the possibility. However, the reality is that accreditation is not strictly a cost—it’s an investment in credibility, marketability, and long-term success. Let’s break down this myth and explore why accreditation is more accessible than many think.
Accreditation as an Investment, Not an Expense
It’s easy to look at accreditation as just another line item in the budget, but in reality, it’s a strategic move that can open doors. Accreditation signals to learners, clients, and partners that an organization meets rigorous standards. In turn, this builds trust, enhances reputation, and can even drive business growth.
The financial commitment makes more sense when organizations shift their mindset to view accreditation as an investment. Like any other investment in business—whether it's marketing, technology, or personnel—the return matters most.
Breaking Down the Costs
The actual cost of accreditation is often misunderstood. Many organizations hear a lump sum and assume it’s out of reach without considering how it breaks down over time.
For example, let’s look at IACET accreditation fees:
- Initial application review fee: $4,290
- Re-application review fee: $3,275 (for renewal after five years)
- Annual maintenance fee: $1,095
- Expedited review (optional): $1,650
- Subsequent review fee (if needed): $495
While these numbers may seem significant at first glance, let’s put them in perspective:
- Spread over five years, the initial application fee breaks down to $165 per month, less than many business software subscriptions.
- The maintenance fee of $1,095 annually ensures continued accreditation, supporting long-term credibility.
- Accreditation covers all learning programs under the accredited processes, meaning organizations don’t have to pay per course or training.
Return on Investment: How Accreditation Pays Off
1. Increased Credibility and Market Access
Accreditation establishes trust. Potential clients, learners, and partners are far more likely to choose an accredited provider over one without a recognized credential. In many industries, accreditation is a requirement for doing business with certain clients or government agencies.
2. Competitive Advantage
In a crowded marketplace, being accredited sets an organization apart. It signals that the organization is committed to quality and has met rigorous standards. Accreditation can translate into more enrollments, higher customer retention, and stronger business opportunities.
3. Operational Excellence and Risk Reduction
Accreditation helps organizations refine processes, improve efficiency, and ensure compliance with best practices. Over time, this can lead to cost savings, fewer errors, and improved learner outcomes—all of which contribute to a stronger bottom line.
4. Long-Term Growth and Sustainability
Organizations that pursue accreditation position themselves for long-term success. By aligning with industry standards, they can future-proof their programs, expand into new markets, and attract larger partnerships.
Accreditation Is More Affordable Than You Think
The idea that accreditation is prohibitively expensive for small organizations is a myth. When broken down into manageable costs and weighed against the benefits, accreditation is a smart, sustainable investment.
Rather than asking, “Can we afford accreditation?” small organizations should be asking, “Can we afford NOT to be accredited?”
About the Author
Randy is a seasoned executive leader currently serving as the President and CEO of IACET, a non-profit accrediting body in the continuing education and training sector. With a focus on strategic vision and operational excellence, he effectively leads the organization to achieve its mission and goals.
With over two decades of experience in various leadership roles, Randy has a proven track record of driving organizational success. His expertise lies in aligning technological solutions with strategic objectives, ensuring operational efficiency and sustainable growth.