It is clear that YOU are the one who values the MFA as simply a piece of paper - a 'merit badge.' You go to get an MFA not for the piece of paper, but for the critique community, the guidance of faculty, the resources and settings enabled by a school that dont typically exist in the real world. Sure, some schools are a bit of a scam. Sure, some schools are in the midwest. But to label entire schools pointless misses the biggest asset to these schools - the students. If you are a motivated, passionate student you can make great work, and improve upon great work, anywhere. Not just yale, not just columbia. (and by the way to insult schools like SVA and OSU and somehow leave the ivies untouched is criminal)
and Columbus OH rules and is an up and coming art city. to call it 'broketown' is totally misinformed on your part. You're thinking of cleveland.