“Well there’s the argument that it does make sense to send the superstar to a superstar college because the return on investment is going to be better, whereas the average kid would just dig himself into a huge and expensive hole at a private LAC?”
Well this average kid wouldn’t have been in any hole as his parents could afford to pay for any school.
I know plenty of average kids from wealthy families who go to very expensive, non selective private colleges.
And I really hate the ROI argument since the parents are paying and they don’t actually get any of that return.