Time article- title says it all........"My son was accepted to a College he can't afford- now what?"

[OldFashioned1]

@Prof99

[we] were well-off …
In previous generations an elite college education was the golden ticket to the good life. However, as we progress further into a globalized economy based upon what one knows, it should be apparent that it is the brand name of one’s graduate school that has become the more significant determining factor in one’s future opportunities.

Child of privilege shares anecdote, suggests undergrad prestige is irrelevant. Unfortunately the data shows students with weaker undergrad pedigrees very rarely catch up to their graduate school peers: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2473238