I don't know if having a degree is better in the long run. From what I've heard is that having the degree doesn't mean anything in the film business, especially a bachelors degree. What's important is the education you get, whether you go to Full Sail, a 4-year degree granting college or university, or any other place.
In the end, you have to pick what's right for you and a university/college setting is not for everyone. I did an internship with with someone who graduated from Full Sail, and he told me that when he went, those students that hated the school never had a passion for doing it in the first place... they were more the ones that had an interest in film, but not the drive to make something of themselves. So it depends on who you ask really... school has good and bad reviews.