<p>I couldn't agree with you more, bclintonk. I especially agree with idea that not all students graduating in the top ten percent of their class are created equal across geographic regions.</p>
<p>A couple more considerations to add when gaging the quality of a public institution:</p>
<p>1) Education of transfer students and tracking the students who transfer elsewhere. Currently, US News focuses all of its efforts on the six year graduation rate among a cohort of entering freshmen. But public universities also have a mission to educate community college transfers and students from "lesser" state schools. How come there is no tracking done of these educational outcomes, and no consideration given for those universities that do a particularly good job of assuming community college students -- students that comprise more than half the current educational system in this country?</p>
<p>Similarly, schools should not be penalized for students who transfer to top privates. Binghamton sends a lot of sophomores on to Cornell. And up until a few years ago, Cornell was sending 1-2% of its class on to MIT, Stanford, or Harvard.</p>
<p>2) Extension and community involvement. One of the hallmarks of the land grant colleges in the upper Midwest is their resourceful cooperative extension divisions, of which many students take advantage of the service-learning opportunities they provide. These programs benefit not only the students, but also the state and the taxpayers who support the cause of public higher education. </p>
<p>3) Research output. These are the things that make the world a better place.</p>
<p>4) Similar to the Washington Monthly rankings, some consideration should be included for the percent of students who go on for careers in public service, whether it be education, military, foreign service, or civil service positions across local, state, and national government. These occupations offer a lot of positive externalities to their communities.</p>
<p>So all said, I think the Washington Monthly rankings offer a pretty good proxy for the types of considerations we would be looking for:</p>
<p>And it should be no surprise that only two true privates make the top twenty -- Stanford and MIT -- make the top twenty. And a third -- Cornell -- is unique for its private/public partnership.</p>
<p>So the people in Massachusetts may claim that private education is a substitute for public higher education, but the evidence points to the contrary.</p>