When I applied, my portfolio was no better or worse (though probably worse) than many of those applying in this thread. I took my education seriously, learned all that I could from my teachers and my peers, and spent my time wisely. It's yielded results - I now work in the industry with several other fellow graduates. But to be sure, there are certainly people I graduated with that no longer pursue art or never got a job in their industry. A lot of this had to do with their dedication in school and the portfolio they graduated with not being tailored and ready to go.
The education at Ringling is there. It's up to the students to make it happen. So while there could be reviews that say Ringling overaccepts and does so on money over merit, or whatever else excuses people have said, what it comes down to is that the education is what you make of it. Do you slack off or commit yourself? Do you pull as much knowledge that you can from those around you or spend your time less economically? Do you blame the school for your own shortcomings or take ownership of your education?
I'm not a Ringling employee or anything like that, I just had a very wonderful experience there and have seen the investment in my college and education returned ten fold, in both my developed skills as well as friendships and connections made from my time there. It's ultimately up to you to achieve the potential of your education, Ringling or not.