What art means changes as our knowledge of art, it's history, it's operation, and our own life perspectives change. So really the question is how do you feel about art right now? Side note: what should art do?
I'm pretty certain that art schools have no flipping clue what art is right now. Actually, many art schools have no flipping clue what art school in general is (meaning what it's meant to do). Teach a skill or prepare students for a career or both or neither? Finding an answer means work and work means change. Who wants do that?
I have a hunch that many presidents, professors, deans, and administrators haven't even considered these questions. Even some gallery owners, curators, critics, and dealers probably never thought twice.
Go ask them (as a student, it is your job to ask questions). What is art? What is art school? What should they both do? How do you feel (right now) about both?
Let us know what they say.