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Pre-med college selection

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Only a few days left to make a choice, and I am a little queasy with kid's choice. Kid wants to practice medicine, and has narrowed choices to 3 schools. One school is ranked in the 20s, one school is ranked in the 40s and one school is ranked in the 70s. Money is not an issue. Kid seems to prefer school that is ranked in the 70s because kid thinks being amongst the top 10% (as opposed to the very top of the 25-75%) of students will make it more likely to successfully make it through the pre-med gauntlet. The other schools have "names" and this one is not as well known. Should I let kid make the decision and run with it? Is a perceived "less competition" a valid reason for attending a school?

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