Midway College students have been given a huge slap in the face.

[297point1]

We were told the following:

1. The accreditation board had already done an informal review and that everything checked out. They also said that accreditation would be a cakewalk. They also tried to imply that anything we read online was "old information" and that because of the formalities of the system, they couldn't officially say they had Pre-candidate status until June.

As usual, the devil is in the details:
If this was merely implied...there is little that can be done.
If this was explicitly stated...a legal claim would have a good chance of being successful.

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