MIT is accredited through the New England Association of Schools and Colleges while Full sail is accredited through the Accrediting Commission of Career Schools and Colleges which mostly does vocational schools. Full Sail is still a trade school at heart. Also, reputable 4 year colleges are accredited not by national accreditation associations but *regional* ones. Full Sail needs to be accredited by SACS(Southern Association of Colleges and Schools) to really be recognized as a true degree granting school. If you were to transfer out of Full Sail for any reason, your credits may not even be recognized at other schools.
Also keep in mind that Full Sail offers a *BS* in computer animation when it probably should be a BFA considering it's an art-related field, not a scientific field. While yes, there is computer science and engineering behind it, that's what BS's in Computer Science and Engineering are for.
I've met some very talented people from Full Sail, don't get me wrong. There's a lot of people that do well regardless of the school they're in. The school itself, however, has had a very spotty past and I would caution anyone from going there.
"So now we have modeled something that will get us nowhere in life"