The focus on elite (super-elite) colleges by the people who run our discourse who all have dick measuring contests late into their lives based on which elite colleges they attended is always annoying. But higher education, in general, does matter, and lost in all of these conversations is that running a residential campus is harder than running the comments section here, but it is similar. Of course all of these institutions get these things wrong sometimes but the issues are more complex than outside observers usually recognize. What if the racist guy is put into a dorm room with an African-America person?
There are a lot of issues here, and not just the one I raised, but "what happens at Harvard" is the dumbest thing we talk about usually and I apologize for contributing.