I don't really care about the reputation of a school unless the reputation is bad. The schools I went to weren't the '' best '' I could've went to mostly because my parents couldn't afford and I'm pretty damn glad, I keep people complaining about how those '' high class schools '' are freaking boring and full or people full of themselves. Heck I know people who where in the same school as me, changed for one of those schools and finally came back because it sucked too much.
I don't know if it's the same way for those Elite college but still, I would just settle with the school that'd accept me.
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http://www.youtube.com/watch?v=6Lo0qD6rOz8