I've talked to recent Tyler graduates who had nothing but good things to say about it. Tyler did come across as being real loose, especially in regards to the rigors, or lack thereof, of accomplishing your thesis. Although that's a purely subjective view when taking into account the drive and work ethic of the student. MICA does have Joan Waltemath as the creative director of their school of painting, and after some poking around she seems like the perfect fit for anyone who wants to improve as a painter. Obviously you can't go wrong with either so as with most decisions like this, your gut will probably push you over the edge into your final decision.
Am I mistaken or are those financial figures the tuition per year?