Credentials historically are built in the brand of the institution, a clock which is starting to tick.
Would you care for the credential of an institution if it goes out of business in the next 3-5 years?
Well... yes. If they were all open programs then that may well be true. Of course there's value in diversity. But it does seem like a massive waste of resources that we have students paying thousands for tuition they could get much cheaper if it was shared around more widely.
> Would you care for the credential of an institution if it goes out of business in the next 3-5 years?
That depends entirely on whether my credential was still accepted beyond that point. But in any case, I don't see why a new credentialing organisation should last any less long than an older one.