Nobody will laugh at you, Vaughn has been around for many years and is fully accredited. It's a small school (or was when I went there), now the place has grown a lot bigger. It used to be relatively low cost but now I believe the price has gone up A LOT. That usually happens when a school gets bigger, they just built dorms as well.
If you're goal is the airlines you don't have to go to a place like ERAU.
BTW, airlines do come to Vaughn to pickup pilots! I know Colgan goes there regularly. So I doubt anyone would laugh at you.