> Why didn't ITT seek accreditation so that credits were transferable?
Accreditation and transferability are different issues; ITT was accredited (were it not, it could not have participated in federal aid programs.)
> It seems like it would instantly increase the value of what they are selling.
Like Corinthian, what they were selling was largely fantasies, specifically targeted to demographics who were unlikely to recognize that they were fantasies. Were ITT intending to sell a legitimate education, sure, transferability would increase the value, but they were never going to sell legitimate education at the mass-market volume and premium prices they were trying to sell at.
Accreditation and transferability are different issues; ITT was accredited (were it not, it could not have participated in federal aid programs.)
> It seems like it would instantly increase the value of what they are selling.
Like Corinthian, what they were selling was largely fantasies, specifically targeted to demographics who were unlikely to recognize that they were fantasies. Were ITT intending to sell a legitimate education, sure, transferability would increase the value, but they were never going to sell legitimate education at the mass-market volume and premium prices they were trying to sell at.