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I learned from someone who found out the hard way that it's important to make sure whatever school you go to is licensed by their state. The information is supposed to be displayed on their website and any other catalogs or ads. If not, there may be a problem. The school in question would tell everyone their state didn't require a license. It turned out that the school kept moving not only from state to state, but from country to country and the state they had been living in did require a license, but their license was pulled and they were in a number of lawsuits, BBB claims against them, etc.
The importance of the license is in case they do move or close, the license protects students. No license means no protection.