<p>I think all these are great colleges, but some statements, such as the one someone brought up earlier [paraphrased] “why is Harvard no. 1 still with all its grade inflation?” is clearly misinformed. </p>
<p>1) As people have stated earlier on this thread, there are multiple rankings out there, and colleges generally place differently depending on how each factor is weighted (admission rate, standardized testing, yield rate, endowment, research authorships, etc.)</p>
<p>2) Just because Harvard and many other ivy league and top colleges have grade inflation doesn’t take any of Harvard’s credibility; it has the highest endowment of any colleges in the world, its research is undoubtedly world-class, alumni are very successful, professors are knowledgeable, etc.</p>
<p>3) UChicago and some other top notch colleges (such as Duke, Caltech, etc.) are great colleges, but one reason its undergraduate isn’t as renowned is because of endowment. You can argue all you that UChicago has a lot of endowment (which it does), but the fact the its undergraduate financial aid is not nearly as generous as schools like Harvard, Yale, and Columbia takes the chance away for a high yield rate (many high caliber students from middle class and lower class, if they get in say, Yale and UChicago, will choose Yale maybe solely for the fact that Yale gives a lot more money). I have personal experience on this; I got in UChicago and Columbia, and basically, at UChicago, I would be pay twice (not exaggerating) as much as I would be at Columbia, and that doesn’t even include the loans (Uchicago gives loans too but Columbia covers everything in grants, which you don’t have to pay back)</p>
<p>4) With that said, each school still has its own merits. For example, UChicago has more Rhodes Scholars than any other school, and its econ department is world class and definitely beats similar department in more “prestigious” schools like Stanford and Princeton. </p>
<p>5) Going back to the endowment issue, I hate to say this because I feel it makes everything shallow, but at the end of the say, endowment and how much money a school has makes so much difference. With a endowment that’s multi-fold Uchicago’s, for example, Harvard has the advantage in terms of research (which needs a crap load of money), attract the best professors/researchers (salary, grants, etc.), and, once again, many high-achieving students from middle and lower class families. Harvard can also give financial aid to international students (which is only offered by Harvard and Yale, last time I checked), which gives them a great advantage (more diversity, different perspectives, intl students bring connections and innovations from other nations, etc.).</p>