The rankings are interesting but to be more than empty words, there needs to be some sort of consensus about what university is for?
For some it's about knowledge and learning and that's the only point. For me, it's about being able to get and do a satisfying job at the end. I'm sure academics would find that distasteful.
It's the reason that I see no point in spending £29k + living costs + missing 3 years of learning on the job and the salary that goes with it, only to end up with a degree that's of little use in the real world and consequently low employability and probably end up in a job unrelated to what you studied.
The loan is more like an extra tax but who happily volunteers to pay higher taxes for the next 20 years?!
University is about the experience of being there too, and so maybe the student satisfaction rankings are more meaningful (as long as they are properly polled).