<p>Reallly, I read “LAC” as generally meaning just ‘college’ (using the old definition of no grad students) and not “LIBERAL ARTS” very strongly. That said, HM does have a pretty strong leaning toward the broadbased view. ANd, I think if you try to split ‘schools with no grad students’ into more categories, it will get messy quickly and not improve the data set.</p>