<p>Then you lack compassion, lookingforward, are so privileged that your kids already have it made regardless, or live in Texas or some region of the country where elite college admissions doesn’t matter much. But in our neck of the woods kids dedicate their lives to being the best students they can be–yes, for the joy of it, but also because they hope for the opportunity to attend a school which will give them a superior education, a prestigious diploma, improved odds of being hired, and better career advancement prospects.</p>
<p>We all know there are no guarantees, but I believe one can certainly improve his odds of success in a bad economy by attending an elite school, all else being equal. My son started his career earning what DH had to work 30 years to earn. That is the power of an Ivy degree. Meanwhile, many of his state school counterparts are still unemployed, underemployed working at Best Buy and Starbucks, or in grad school–not because they wanted to attend but because it was preferable to having no job. But I don’t want to start another one of those threads… Suffice it to say that often the folks who love to pooh-pooh what they believe is a misguided emphasis on attending the most prestigious schools, are doing so from a place of good fortune far above the circumstances of our family. Others do so because their kids haven’t yet reached the stage where they are competing for scarce jobs and are being told by HR that 80,000 applications were received for only a handful of internship positions.</p>