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Wesleyan is more prestigious than schools like Colgate, Colby, Oberlin, Bucknell, Lafayette, Trinity, Bard, Skidmore etc.
Wesleyan is not as prestigious as schools like Williams, Swarthmore, Haverford, Vassar, Carleton, Bowdoin, Grinnell, Hamilton etc.
I would say that Wesleyan just misses the mark for a top liberal arts school (top 10 or 15) but is nonetheless still a good school.
Almost no liberal arts school (with the exception of like Williams and Amherst) has big name recognition among the general public. This is because the masses are largely ignorant and are only aware of schools with big football teams or the ivies.
However, the important people (employers and graduate schools) will all be familiar with the strong liberal arts schools including Wesleyan.
I believe that JP Morgan once remarked, "if you have to ask the price of a yacht, you likely can't afford one."
This discussion strikes me as analogous