As a parent who had to make the decision whether to send our child to a top twenty private school and pay $50,000/yr or to the state flagship school, at $21,000, we are hearing bitter complaints from parents who paid the higher cost for a private school and now their child is unemployed or underemployed.
Our child picked the state school.
Two examples from parents we know, a doctor who's child graduated in May from Dartmouth and now unemployed but living in an east coast city and being supported by the parents , and another Notre Dame grad who is now is going back to a local school to get a teaching cerrtificate. Parents are bitter about the cost they paid, the doctor called it the "failed $200,000 experiment".
I believe their unemployment status is more a fuction of their degree than the school, and yes, these are great schools, but some liberal art degrees should come with a warning , "this degree is hazardous to finding a well paying job", in additon to paying the $120,000 premium to go to these schools.
Welcome any comments of course, I just shake my head when I hear these complaints from parents, there is a lot of anger toward the school.