If that many frum people go there, where’s the prestige?
If it’s some crummy place like Harvard Law where any guy off the street with a BTL can get in, then I don’t see the point.
Besides, isn’t the whole point of that that you then have it hanging up in your office behind the desk to intimidate all the clients? Usually in some archaic language that nobody can read?
If you’re looking for alternate places to keep it, I know someone with two advanced degrees from a very prestigious college (almost as good as Touro) who keeps her diplomas stacked in the corner of her daughter’s room.