The 2021 admissions cycle was offering a SAT test-optional policy that was considering all aspects of an application including grades, honors work, and extracurricular activities.
But idk about 2022...
Because of its excellence in science, engineering, medicine, and business, the university ranks 9th in the QS World Rankings
So if you wish to do arts, I suggest you try LSE
It's not just getting into a good college that matters
A lot of other things go into having good ROI
Like, getting a part-time job in summer
Working as a Graduate/Teaching Assistant during college
How you manage your daily expenses, etc.
It depends on which country you're talking about
If it's Canada-
A college can give you a diploma or a certification
A university can give you a degree
If it's US, the above definition stands