I'd check the mission statement firstly. They should be fairly upfront about whether their primary goal is to prepare you for entry-level positions on-set, in post, et al, or if their primary goal is fine arts application in media. I don't think one is necessarily better than the other; it just depends on exactly why you're going.
For example, NYFA's is "a unique educational institution, devoted to providing the most focused filmmaking, acting, and animation instruction in the world. Our film school's workshops offer an intensive, hands-on experience which gives students the opportunity to develop their creative skills to the fullest extent possible." Versus Tisch Arts: "to educate its students in the history, art, craft, and technology of film, television, new media, animation, and sound production, integrated with a strong liberal arts education." And no, they're not my alma maters....