This is a good topic and all of you have very valid reasoning behind your selections. I really think the top 5 is really interchangeable based upon what you want to accomplish.
Although, Anton4Cine, please do not make posts that are in all caps, it seems very douchebag-like and militaristic (not in dictionary?)
My list is for directors and those who want to come out as a storyteller, based on my own research and needs.
#1 Columbia
#2 NYU
#3 AFI
#4 USC
#5/#6/#7 UCLA/FSU/Chapman
I think Columbia is overlooked too often and it was only until I actually started to do researched that I realized the potential behind the university.
In my honest opinion, being able to know how to tell a story sets film school students and non film school students apart. Technology is changing, you can never be on top of the technical aspects completely, but you if you can understand the ideology of the visual medium you can accomplish so much with your schooling.
I don't pay six figures to put my hands on equipment, I pay six figures to be taught by those who work in the business about WHY certain films are good and how I can create my own.
It's all a gamble, and I understand that full and well. I could go to a lot of other schools and secure a job easily as a 2nd AD or 1st AC, but my goal is to be a director and these schools present that opportunity to blossom at that goal.
Best,
Andy