Could IU help its "prestige" factor if the university simply cut its acceptance rate?
Aside from having a top-10 business school, IU has a variety of highly-ranked programs w/ strong placement and contrary to some perspectives, the school does drag in good students from around the world and not just for Kelley. From an outside perspective, IU seems like it has what it needs to be considered close to the "top-tier" public schools, besides its absurdly high 77% acceptance rate. IU ranked at #76 this year in US News.
If, for example, IU simply lowered its overall acceptance rate closer to 50-60%, would it be seen as a better school to WSO? Is it largely its acceptance rate that drags down what seems to be an otherwise good school, or is it something else? Additionally, do you think a lower acceptance rate could lead to higher rankings?
Maybe this isn't the right place since I am not asking just from an IB perspective, but I do notice a lot of heated discussion about the school here.