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The news that Columbia University filed fraudulent data to rise in the U.S. News & World Report college rankings has again raised the question of what these rankings mean. Does anyone imagine that as Columbia “plunged” from No. 2 to No. 18 (as its ranking was reassessed by U.S. News on its own estimated data) that the Columbia students sitting in their classrooms in Upper Manhattan felt the quality of their education slipping away?

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