Obviously it depends on what you're after. Most school rankings are a joke anyways. If I want to go into engineering, design, vet med, ag science, etc., ISU is the best school in the state. UI has its programs that are stronger. For some people having a degree from an elite private lib arts college is their path to top grad schools. Arguing whether Harvard or Princeton is better, or Wisconsin or Illinois, etc, is dumb because they're so close. But Grinnell and Mount Mercy aren't even in the same stratosphere.
Honestly, if you're not going to law school or grad school, what good is an expensive liberal arts degree anyway? K-12 teaching, psychology, sociology, anthropology, English, history, foreign languages, music...fields like these while they can be personally fulfilling, the end game of a job is not very lucrative and definitely not worth paying extra for a high power degree. To me, the only reason to go to a place like Grinnell is if you either want to be a lawyer or a liberal arts professor. Pretty much anything else (including the sciences used for pre-med) ISU does better. Any kind of faculty position in STEM, you're going to get MUCH better research experience at ISU.
I do agree that most school rankings are a joke. It's just too subjective and too many variables. These "best value" ones are maybe a little better just because at least there's some basis in data, but there's still a lot of uncertainty.
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