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Most people I talk to don't even know Miami is a private institution.

Depends on your definition of good.

I think you misread my post.

Tied with FSU at considerably more cost and substantially less of an alumni network.

Then pretty much every college degree is valuable under your logic lol so what is your definition of good academics that you claim UM has? The bottom line is Miami's academic reputation isn't great (maybe decent, but the first thing that comes to most people's minds is the football team), and...

A degree from Arkansas state or Tennessee State then is valuable since those degrees have some value, but I wouldn't consider them good academic institutions.

I guess that depends on your definition of valuable.