Reply to It’s Time to Tell Your Kids It Doesn’t Matter Where They Go To College

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It might matter in law, at least initially. Otherwise, I don't think it matters at all. But I do think parents really, really want it to matter. [/quote]

I can think of a couple industries where it matters a great deal (investment banking, law, the high end management consulting companies).  But for most people/industries, it matters way less than people want to think it does.  [/quote]

This.  For the vast majority of fields it does not matter.  It's about the student and what you make of your experience when you are there.  If you can go to one of those elite schools for very little money (i.e. you have lower-income parents) or cost is no consideration (i.e. you have rich parents), then sure, enjoy what they offer.  But for families in the middle, if you have a child who has the academic stats to get accepted at an "elite", they will do perfectly well at another school and are better off there with a good merit award to keep the cost down.  Save any need for school loans for grad school.  There is really no reason an elite-caliber student should have to pay a lot of money for college.[/quote]

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