Its not the case that they aren't accredited, they just aren't fully accredited. The accreditting institution awards pre-candidate status to schools before they enrol their first class, and candidate status from that point on until they graduate their first class, then they're up for full accreditation. The school currently has candidate status, so it is following the accreditation process to a tee. Historically (though by no means any true indication of the future), schools that have gotten this far have always got their full accreditation later down the line.