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<p>It’s not overrated, more like underrated IMO. While applying to colleges I had thought I was better suited to a smaller school (and applied to mostly those) but now since attending a school that is on the larger side, I find I prefer it much more. Compared with a smaller school, there are more resources, presence/influence in the area, school spirit, etc. The “just a number” concern is often unfounded but it really depends on the type of person you are. If you are someone who is very self-sufficient and know what you want to do, you will be fine with a big school.</p>