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I got mine at University of Nevada, Las Vegas. I actually made a profit getting my degree there through a serious of happy co-incidences. I gave a few things up for the trade on cost though. I explain below.

MBAs are worth it for four reasons (Listed in order of importance):
1) Prestige of the School. As stated previously this can open doors for you all on it's own. (Harvard, Northwestern, Thunderbird, etc...)
2) Network of students and interpersonal networking. This is good for finding work and making professional contacts. (Cornell has a very good networking program for it's Business students all over the US)
3) Quality of the education. Look for an AACSB accredited (No other accreditation actually matters) MBA program that requires a GMAT exam and previous work experience. There are "MBA" programs that aren't accredited and brag that you don't need to take a GMAT. They aren't real predictors of performance but they screen out the folks you wouldn't want in your classes.
4) The rubber stamp. You can show that you have your MBA and that can help you get jobs or move past middle management by getting that rubberstamp.

In my case I gave-up the prestige and the network (got into Claremont's Drucker School but I would have been completely out of pocket) for the cost. I still got the good education and the rubber stamp but that's it.

Hope that helps.