Here's another way to look at this...
I've been a print designer for a book publisher for 5 years now. The book publishing industry is going downhill pretty quickly, so I want a GD MFA to take the skills I currently have and flex them into new directions. That's the thing about GD MFA, most programs will allow you to solve problems in any media you choose. So I'm planning to learn new technologies, experiement and find the direction that I want to go in this expanding profession.
I'm planning on doing a lot of video/motion experimentation and designing for the web/mobile. When I get out of grad school, I expect to be able to do motion graphics and web design professionally. That's something I wouldn't be able to do with my print design job alone.