This is false. Alumni loyalty is fierce. Homecomings are important, contact throughout one's lifetime is common, annual giving levels are high. Parents together with students become engaged in the institution's life. A disproportionate share of alumni sons and daughters attend alma mater.
Faculty maintain a commitment to the college first rather than to department or discipline.
That small colleges are of value to students is clear. The answer, quite simply, is yes. From family businesses to doctors and from engineers to the highest officers of the land, graduates of small colleges succeed. In doing so for two centuries, they have survived world wars, domestic strife, economic depression, and other crises. Of 20 leading banks, l9 have CEOs who graduated from small liberal arts colleges.