Spot on. The only thing a ratings system would accomplish would be handing out salaries to a handful of cronies tasked with compiling a worthless metric. Unless you are born into privilege (money, athletic, or scholarly ability) and you are going to college, its going to be the local state university. Hopefully one that caters do your chosen discipline without extreme financial burden.
Gut Homeland Security (by extension TSA), cut military spending, stop spending money on the militarization of local police. Stop taxing labor so working families can afford to send their kids to college.
Invest in education, don't subsidize tuition. Distribute more money to universities through grants. Invest more into agencies like NASA that can outsource some of their work to universities. Create an environment where universities can be flush with cash so that tuition becomes known as a barbaric tool used in the past by the elite.