Shockingly many kids including both mine who ultimately soured on WashU for a large flagship and daughter whose top choice was a mid level regional public but got into one like you describe.
Kids have different likes and needs.
Don’t forget, both need grad school. Given the law, the creme de la creme (Harvard, Penn, UVA examples, regularly admit from well over 100 schools in their first year, not very large classes, Delaware or Denison, Swarthmore or South Florida is unlikely to matter much if at all but the gpa, LSAT, and today work experience after for many will.
I imagine but don’t know that it’s similar for the other major.
if your kids want that type of school - great. But there will many many paths to get where they want. Top med schools or residencies are loaded with kids from regular schools. I was a patient at Vandy and was surprised - undergrads like N Illinois, K State, Murray State, Luther - and the top schools too.
Please ensure you have cost effective schools in addition to your hoped for cost effective. I’m glad you have YOUR future top of mind.