Desirability (or not) of elite college OTHER THAN relating to job/career/pay after graduation

Looks like the graduation rates of 38/61/64% slightly underperform the expected ones of 43/62/66% from calculations at http://www.heri.ucla.edu/GradRateCalculator.php . http://www.collegedata.com/cs/data/college/college_pg05_tmpl.jhtml?schoolId=1599 does indicate that 96% of frosh live in the dorms, though only 41% overall (perhaps reflecting the typical trend of non-frosh resident students living nearby off-campus).