Holy hell this is funny. Tom, I wish you good luck in getting someone to accredit a college based off of the ideas that the world is flat. If this was a religion it might be different, but this is not a religion: This is stupid. And even if you do get accredited by a "private agency", chances are that you will also be behind that "agency". Now, where would I rather get a degree in philosophy? A small uncredited "college" based off the idea that the world is flat, or an accredited state school that while it will cost me more, it will actually give me a future.
Besides, college is not all about the education. Its partially about the life on the campus. Student interaction, sports, arts, ect. Your college would have none of that, because it won't have any serious students lol.