I think too much is made of academic reputation sometimes. There are a number of truly elite universities, but after that quality is really specific to the individual. How good your school is for you depends a lot on where you want to live and work and what field you're interested in.
Plus, the truth is that the Vincentian mission isn't an elitist one. St Johns, Depaul, Niagara weren't founded to educate just the top 15%.
It'd be like saying Ford isn't a good company, or Allan Mulally hasn't had a successful tenure, because they don't market a car in the $60k+ price range.