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The sole idea of life experience degree accreditation is to guide students against getting fooled by innumerable fake diploma mills. It also helps in guarding them, schools, and employers and to give them guarantee that the course they are undertaking is an authentic one.
When a student receives a diploma from a school accredited by the right agency, he can be assured that it will be accepted by all employers. Likewise, when the employers are looking to hire, they can be assured that you have graduated from an accredited school and not by just paying a “diploma mill” school.
Authentic life experience degree exists if you have acquired the necessary work experience, on-the-job training, and acquired the necessary skills like good writing, research, and organizational skills enabling you to accumulate quite a bit of academic credit toward an academic degree through portfolio assessment from an accredited university.
With the advent of life experience degrees, you can apply for an accredited, recognized and honorable bachelor's degrees, diploma, or certificate on the basis of your work or life experience.
However, you need to be careful; most of the unaccredited online universities provide credit for life experience. They just offer credit for life experience and if you pay your fees, you get your diploma. You don’t have to worry about practical experience.
If you pay a little extra, you can even graduate with honors ! The problem arises when this life experience is not acceptable by state and federal laws and you face a problem which acquiring a suitable job.