I think also regardless of the status that the school has, it is important to go somewhere that is a good fit for you in many other ways (location city/rural/suburban/etc., vibe of professors/students, level of criticality, emphasis on studio or theory, number of students to faculty, an understanding of the work you're making, I could keep going). If you only pick a school because the name carries the most weight, it does not mean that you are going to have a successful and productive experience. If it's not a good fit, you're just going to spiral and end up wasting a lot of time and money. Sometimes it's a lower key institution that gives you the freedom to be yourself that really allows you to kick ass, instead of a really intimidating program that scares students into making a certain kind of work. Everyone is different, and clicks better with different kinds of programs!