What do you want to do after college?
If you want to teach art at an accredited or otherwise well established institution a degree would be important, otherwise I might suggest you leave the school.
I spent two years at a college that sounds like the one you describe. I left to study for the next two years at a non-degree granting art college that taught me things that were closer to the kind of art I respected. Do I wish I'd stayed at the first school to finish my degree? Probably, but only because there were no schools in the country (Canada) that taught what I wanted to learn at that time.
Do I wish there were degree-granting colleges back then that were really teaching what I wanted to learn? You bet! Now there are.
Your decision would depend on where you'd like to see yourself in a few years.
If you want to be a working artist and really use the next few years to hone your skills I'd suggest you do everything within your power to find a school that will teach you the real stuff. There are now some schools that do the unthinkable: grant degrees AND teach real drawing and painting skills. You can find them on
www.artrenewal.org
Perhaps you could afford to study somewhere that is a better fit for your goals by alternating one year of study and a year of work until you finish. That's probably what I'd try and do.
It doesn't sound like you're gaining much other than an expensive piece of paper with the letters BFA written on it by staying where you
are.
Good luck to you!