APR is not meaningless, but it is FAR from the be-all and end-all of numbers that some folks like to claim it is when the numbers come out every year. I'd rather be high than low, but I'm not going to act as if we're Harvard because our APR is high. Some people here act that way. It shows we care about our players staying on track to graduate, not how good the academic program is they are following. So important, but not all-encompassing.
To wit, a degree in chemistry and a degree in labor studies are the same when it comes to APR: Are you on track to graduate?
I'll never forget when a kid chose Vanderbilt, citing academics, and a poster here actually questioned his decision by saying "Isn't our APR higher than theirs?" Yeah, so what?