Re: #21
For some professions and their associated college majors (e.g. engineering, nursing, K-12 teaching), pay level is less college prestige dependent.
But not everyone wants to go into these professions, or can pass the admission or rigor gates for the needed education. So the perception is that, in a more general major (e.g. business, English, biology, history, etc.), college prestige matters (whether or not the perception is reality in the specific case).