@Greymeer : Yeah no! You can straight up put up course materials and it will tell a much different story. I have done it before, and I would say that an okay amount of them would be left, and Reed and CMU would replace those that I remove. Don’t really care about average GPAs and test scores, I care more about the complexity of the tasks given to students. Some places just do not match their position on that list in those terms and students at those places likely know it. In addition, recently a ranking of colleges with the “hardest working students” had Vanderbilt students claiming they work as hard as MIT students (it was survey based) and harder than Harvard students. I really doubt this is the case, and if they do, having looked at STEM course material (the area where you expect students to work the hardest), I have no clue why… The level is simply not comparable on average. It compares better to the schools it ranks near whereas schools like CMU and Reed in certain areas compare much better to higher tiered schools. Again, I am just going based upon the level of complexity here.
This (this person would be considered a “normal” level instructor there): http://www.vanderbilt.edu/AnS/Chemistry/Rizzo/Chem220b/chem220b.htm
Does not compare well to: http://sites.fas.harvard.edu/~chem27/exams/
Or any of those other places (and perhaps even some surrounding places, but with those places, it can win some and lose others, with the ones you place it by, any win is a fluke that does not reflect a normal instructor for that class and even then I have yet to observe such a fluke)
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I could take more examples from intro. to intermediate STEM courses and the difference is quite striking in most cases. Sometimes data just has limitations in revealing some patterns.
Interestingly, elite there is defined by the mere criteria of “over 1400/1600 SAT”…interesting criteria given some of the differences I know of academically.
@ThankYouforHelp : I have no idea how some of those categories are ranked or how/why you would measure them.
Gonna remember that Berkeley does not have an elite undergraduate program because it has a 1371 SAT average which suggests an academically elite student body, but I guess just not elite enough (rolls eyes). It also does this irrespective of other metrics lol. Now Northeastern (admittedly a rising, excellent school), now that is definitely a more elite undergraduate program because they have a 1402 average! 
Also, isn’t it scary that there are now schools that have over 1500/1600 average SAT (mostly top Ivies and Caltech, but you have some nons like Chicago there and several others gunning for it, it seems)? Wow! Why? And that still isn’t enough for some folks who want to sue some of these schools for being non-meritocratic/unfair. Guess they gotta eventually achieve 1600 to convince the naysayers and with the new SAT, that may be possible.