For this post, I did a 'random article' in Wikipedia, and was shown the page for the American Conservatory of Music. It is located in Hammond, Indiana, but was originally in Chicago. It is one of the oldest music schools in the country, having been founded in 1886. By the 1970's, it was considered a daughter institution to Julliard.
The institution had problems in the '80's, when issues of financial mismanagement and misappropriation of endowments were called into question. In 1992, the institute asked for funding through the Illinois Board of Higher Education, to which authorities responded by trying to assert licensing control, which would cause the Conservatory to lose control over its curricula, tuition policy, and governing structure. After bankruptcy proceedings the institute in Chicago closed.
In 1998, the Conservatory moved to the new campus in Hammond, and was chartered in 1999. It officially moved there in 2000. The institute is affiliated with two campuses, one in Hammond and the other in Santa Elena, Belize. The Conservatory is now operating in awarding bachelor's, master's and doctoral courses without any federal or state accredation.
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