Unless they let you take NYU courses, there probably won't be much change for the program for now.
"You will leave this program either nothing or everything."
I see this as the biggest disadvantage of Poly. A good FE program should provide some assurance of capability to potential employer. While you can work hard and be as knowledgable as someone from a top notch program, it will be hard to convince people you are not one of those people who took the easy way out.