There is no question that the University of North Carolina committed fraud for almost two decades by giving fake grades to college athletes taking fake or nonexistent course, in order to profit from football and basketball revenues.  While the university is blaming a low-level administrator, there is plenty of reason to suspect that senior levels knew or should have known of the fraud, as Robert Weissberg points out today on our pages. So far, almost everyone has discussed penalties being exacted on the university’s athletic programs, but today Brian C. Rosenberg, president of Macalester College, writing in the Chronicle of Higher Education (hat tips: Instapundit and Taxprofblog), convincingly argues that the appropriate penalty is loss of accreditation: This is an issue of institutional integrity, a violation of the most basic assumption upon which the credibility of any college or university is based: that the grades and credits represented on the transcripts of...(Read Full Post)