Funny you mention that.
My son started with WUSTL and was sold - it’s quaint, comfy, and forgetting the pedigree, they at least 6 years ago, marketed the snot out of their Tempurpedix mattresses.
Then we went to Purdue (loved) and UIUC (couldn’t wait to leave). We then, against his wishes, sent him to STEP at Purdue to validate his interest and he came back in love - the campus, the food, almost everything - and then got in and got $10K merit (I don’t hear of that anymore) and he was sold. He had his sweatshirt. We’d go into restaurants at home in TN and hear - Boiler Up all over.
So we were done.
But alas, Senior year has a job shadow or visit a college day. He had a friend say, 3 of us are heading to Tuscaloosa - come with us. So he went…..came home, applied, got in a few days later, and announced to mom and dad - I’m going to Bama.
hmmmm - what - I had known they had a large Jewish population which and good merit but Purdue (smaller Jewish population) was well in budget and I was good. At the time (not now), Purdue was overcrowded, housing kids in triples or apartments off campus. The Honors dorm at Bama got your own room and a shared bathroom with one other. And they had palm trees. As you saw, the campus is pristine - like Disney Land - and my kid is about aesthetics….so I get it.
Given he outperformed intern-wise a top 5 you listed and crushed it job market wise, it worked for him.
I’m not sure he took advantage of all the resources (ok, I’m sure he didn’t) but he took a job (couldn’t get an internship after first year) - so he detailed cars. He wanted to be in the auto industry so it was tangentially related. Got that internship after the second year - not easy - and oh by the way, they had Ga Tech, LSU, Ole MIss in his group - so yes, the elite and non-elite work together.
When you talk about college and region working - my kid only applied for Leadership Rotational type programs - and his offers were in various (4 cities, two years - started with an aero company in Utah, then Arizona, CA and Florida and is settled in California) He had others in one place but rotating jobs - an aero in South Eastern Mass, PA, Iowa, and Ohio. His 6th offer came late (he was done by xmas) - it was his intern job…in TN…so not agreeing with you’ll end up where you go to college….only if you want to.
As for CWRU, some have talked of great merit. It’s a tough school - low yield so they do need to buy kids in - perhaps kids that get the next level up like a UM or MIT. But if you like it (some do, mine didn’t) and you have a spot, it’s worth it.
In the end, you’re in an enviable position and you can take your time.
Some doesn’t realize what $40 or $50K is like - writing a check 2x a year. I imagine (but thank god don’t know) that it’s not easy.
But you can set yourself up with the cheapy school to have in your back pocket - in case you get sticker shock last minute.
There’s really not a bad school on the list - but then it becomes, do I want to pay$35 or $40K for Iowa State vs. free at Alabama (you pay for food but get $4K in allowance). And don’t forget - 5 years at Bama covers the Masters too - if you choose so.
Best of luck - the good news is - your son is going to have lots of options….sometimes that stinks too - then you fret on - what to choose 
But that’s a good problem to have.