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Yes. If you want a really high quality education, you don't go to a big research school. You go to a small school, like a liberal arts school, where the teachers are both highly trained and really passionate about teaching.

I went to a small liberal arts school for an undergrad degree in STEM, and to a R1 research university for graduate work.

The absolute best classes at the big-name research university were about as good as the average class at my small undergrad. The classes at the small school were of distinctly better quality: more engaged teachers, more engaging work, and simply higher quality teaching.

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Did you go to an elite (or close to it) liberal arts school? I have gone to only R1 schools myself, but my exposure to liberal arts schools would indicate they are a mixed bag, especially in the sciences (not disagreeing with you or saying that R1 schools aren't also a mixed bag in some/many senses).

Most undergraduates don't realize it, but the purpose of going to an R1 is access to an alumni network and (for the small percentage that are interested) access to people performing cutting edge research in a discipline and their physical resources.

I suspect that honesty in their marketing materials would not increase applications though.

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