Why rich people prefer elite schools when most others doesn’t see any wort in it?

Humans care about our standing within our own tribes, and very little about what external tribes think. So it’s not surprising that people of socioeconomic class A don’t care that much about the opinions or judgments coming from socioeconomic class B. It’s usually mutual. The students I met at Southeastern Oklahoma State University have never given a moment’s thought to whether lawyers in New Jersey are impressed by their school, and those lawyers in New Jersey have never given a thought to whether the SEOSU students agree with their decision to pay $70,000 a year for Williams College.