The College of the Marshall Islands, based in the capital Majuro, has turned its fortunes around.
The college had been under sanctions by a United States education agency since its former business manager was charged in 2002 with embezzling more than 600-thousand US dollars.
Other problems which also plagued the school were its academic results and the condition of school facilities.
But last month, the U.S. Western Association of Schools and Colleges Accrediting Commission gave the college full accreditation for the first time in seven years.
Our correspondent in the Marshall Islands, Giff Johnson, says the government and the school board really came to the table to make things work.
"The key element is that they went out and hired an American former college President, who had helped restore accreditation for an American college some years back, so he knew what to do and came out and helped them do it, and they just put a great team together and can now really see the college develop as a really stellar national entity of higher learning."