Ditto to everything Kelly said. I'm a graphic design graduate from this school. Except I had to take a screenwriting class. WTF? I guess that was the only way to knock out that last English credit, but what a pain.
I wouldn't say it's a "total rip-off" like Shirleen. I had some very good classes and some very good teachers. I also got some good experience and it helped me fill my portfolio with realistic design projects like identity systems and annual reports.
If you've already got some skills and are just looking to hone them and get a degree, it's a decent place to go, especially if you can nab a scholarship. You'll get the fundamental design classes that involve painting little color studies with gouache and painstakingly hand-rendering typefaces with microscopically-nibbed pens, but they don't dwell on that stuff like a lot of the university design programs do. They quickly move you in to classes with projects that imitate things you'd have to do in the real world.
If you have no clue how to do anything even remotely creative and you're hoping this school will teach you how... if you have a problem accepting constructive criticism... if you want a standard college experience with sports teams and picking your own class schedule... don't bother, you'll just be one of the many first-year dropouts.