I get the larger population argument, it makes a ton of sense.
But, to go to the specific example noted above (Maryland) - CO and MD have essentially the same size population, so that "excuse" is eliminated in terms of the actual example.
My hypothesis as to what ultimately drives that difference is that MD funds the **** out of its schools, starting with pre-k and rolling right through to the universities. Of course, there are much higher tax rates in MD than CO to, you know, actually pay for that.
But other note: @Creebuzz, did you get the finance degree from Smith? That's a world class B-school, so not too fair to compare to the broader university.
That said, I know someone with a MFA in Poetry from Maryland, who yeah - runs intellectual circles around everyone I know with an MFA from CU. (Also: she later got an MBA at Smith, so probably a better validation of being smart than my observation...)
I understand what you're saying here, but as recently as 1980 Maryland had twice the population of Colorado.
I'm not sure if the point here is limited to "in state" students only, but Boulder is more than 500 miles from any other metro area ranked in the top 30 in population, whereas College Park is part of the DC metro area (6) and under 150 miles from Philadelphia (7), none of the which shows up in the Maryland official count.