I graduated 7 years ago from ITT. I went for the same reason you did as I looked at the processes of traditional universities and didn't want to be in a lecture hall. I got a 2 year degree in CNS. I have been a software engineer for 8 years now professionally. Like you I saw it was for profit and the teachers were pressured into passing people even though they clearly shouldn't have. Some of the teachers knew what they were teaching and some didn't; in my linux class I was paid by a student to help them understand the curriculum because they couldn't learn it from the teacher. Was it worth it to me? For what I paid no. I wouldn't tell anyone else to go. My degree did transfer though to a non-profit regionally and nationally accredited school so I am hoping to complete that soon. Even though I am in the top bracket of software dev earners where I am I chose to go back to school for personal reasons as I study at night regardless and think at least get a degree out of it now, and man am I glad I transferred the degree when I did.
My attitude on our entire education system has changed, as I believe the government should have had more regulations in place in the first place so this would've never happened.
I know more people like you and I that went to ITT and regardless whether we would have not gone I do not think it would have affected our current situation at all differently, only that we would have had the money we spent on students loans to do something better with it.