I attended Chapman's MFA Producing Program from 2010-2012, immediately after finishing undergrad. My experience was a good one overall. I produced several award-winning shorts and was taught by a lot of leading industry veterans. I met and collaborated with a lot of talented people and have kept in touch with many of them who are doing great things. I received a $4,000 per semester fellowship, which really helped with expenses.
I will say that grad school is sort of what you make it. You can just take the classes and go through the motions to get the degree, but to get hands-on experience, you'll need to put in the work. You'll need to have internships, develop side projects, shoot and edit non school-related projects, and build relationships with classmates that will turn into industry relationships in the future.
It's expensive, but it's one of the most highly-regarded film programs in the world. If you want to work in any facet of the industry, you'll be prepared. If you want to teach, you'll also be prepared. I would definitely recommend this program to anyone who isn't completely dead-set on attending one of the bigger name programs just because of the name. Chapman has the same level of faculty, better facilities, and is cheaper than the others, but is just as highly-regarded in the industry.
I had to limit my pros and cons in the above, so here are the rest of the:
PROS
-Great location (beautiful area with not too much congestion)
-Great guest lecturers and screening opportunities
-Chapman Filmed Entertainment
-Opportunity to work on as many student projects as you want
-Opportunity to take classes outside your chosen track
-Tuition in reference to comparable film schools (but still expensive)
-Fellowship opportunities to alleviate tuition costs
-Don't need to take the GRE (at least when I went)
-Small class sizes for grad programs
-Always at the top of the "nation's best film schools" lists
-Chapman, in general, has a great university reputation
CONS
-Not a ton of internship opportunities through the school (you have to go out and search on your own)