After 4 years of being a Northeastern Husky, there are two things that stick out as being the best: Co-op program and Student life. The co-op program, with the right grades, will get you into almost any position you want to try (I've had friends work for Merrill Lynch, Ernst&Young, and at the State Department) - you can even go out and make your own co-op, that's how awesome it is. When you aren't on co-op, you have so many options on what to do with your free time. There are dance groups, writing clubs, magazines seeking submissions, intramural sports and the list goes on.
The packed dining halls and the library. During the evenings, everyone bum rushes the dining halls and seats are sought after like gold. During mid-terms and finals, the library is absolutely packed. It takes a tactical team of 4-5 classmates to seek and hold down a table, and even then there may not be an outlet nearby.
No, Primarily because of the high tuition. State universities would be a better route for someone with a tighter budget.