Hey Guys,
I wanted to respond with a final note about rankings because I do think this is really important. I would in fact go to the University of Puerto Rico if it had the strongest faculty within my respective field (and if I liked beaches and warm weather and I had decent money). Furthermore, you can't use the overall school placement record as a substantive measurement because placement is interest specific. For example, Duke has a horrrrible placement record in English but has one of the highest placement records in African American literature. And, coincidentally, UChicago has a horrible record with Af Am lit but according to you has a pretty strong overall placement record. But don't take my word for it, there is a Chronicle Article (which I can't find right now) that does a pretty detailed explanation of the problems with the whole thing. Or, better yet, how about you ask your faculty and reccomenders what they think about rankings...god willing, they'll agree with me.
Now you might have a point with the money thing...highly ranked private schools tend to hand out more dough but, I would hasten to ask, at what cost? And certainly a lower ranked public school who is pretty well-known for a specific field will give the world to a savvy applicant who understands the program's quality as represented through his or her's dossier. University of Washington, for example, has one of the most sophisticated cultural studies programs in the country if not the world. University of Wisconsin has one of the best quantitative sociology programs in the country while Yale has a relatively mediocre (some one would say down-right crappy) one. Maybe I was too harsh but I would agree with lyonessrampant in terms of the constant references to rankings on this site and so perhaps I took my anger out on you. I just pray to god that these aren't the people who I'll meet in the professoriate..I also got into Yale btw (its my home institution as well) and I, too, won't be going in favor of a school with a lower rank.
I want to be around ppl. who are so passionate about their subject and the field which they hope to pursue that God himself couldn't keep them for pursuing that interest...I want to be surrounded by folks who admire intellectual production and not social admiration...and, I imagine, those are the people who make it through in tact...
On that note..I do really want to wish you the best of luck!