<p>Actually there are several good reasons to attend an elite school over that of a state university:</p>
<ol>
<li><p>As noted above, some elite schools have programs that may not be available in your state university.</p></li>
<li><p>Better Administration: I have found, with some exceptions, that private schools tend to have better administrations than that found at many state schools. Registration is often easier and usually the kids at private schools can more readily get the courses that they need for graduation. This means better 4 year graduation rates</p></li>
<li><p>Better Prestige: If you look at how many employers interview at elite schools vs. lessor known state universities, I would bet that the elite schools draw a lot more employers and offer a lot more interviews. There may not, however, be as big a distinction if you kids attend a top state school such as Berkeley, Michigan, or Virginia. However, I still think that the elite ivys draw more employers.</p></li>
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<p>4.Better contacts: There is no question in my mind that elite private schools get kids who are very well connected and who generally come from richer backgrounds than that of state schools. I don't know if you can put a value on these connections,but they do exist.</p>
<ol>
<li>Better chance to get into grad school: Elite schools generally have an easier grading policy. For example, Princeton just reduced the amount of "As" found in each class to a measily 35%. Harvard and Yale, from people that I know attended there, has even more As in classes and rarely gives less than a C. Someone who attended Harvard noted that 95% of the students graduate with honors!</li>
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<p>In the public universities that I know of such as Maryland, there is a stricter bell curve with 10% As, 20% Bs, 40% Cs and 30% for the rest. Admittedly this varies from class to class and school to school;however, I do believe that it is much harder to get top grades at most state universities than that of private schools. This is also supported by the fact that most state schools, even the top ones, have a mandate to take incomming kids from junior colleges. Thus, these state schools "need" to flunk out kids to make room for incomming transfers. At Maryland, I was keenly aware of this policywhen I taught there. The school certainly didn't mind if I failed as many as 20% of the kids. You really have to watch for this grade devaluation at state schools.</p>
<ol>
<li>Private schools can offer more support services: Just like private vs. public high schools, private schools can offer more support services. For example, I have an older son that was diagnosed with a learning disability. When I investigated colleges for him, none of the state schools were listed in the top 10 recommended programs for kids with learning issues. Our local state universities only gave a modicum of services. </li>
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<p>However, with all this said, state schools are a bargain for the education. I think that the education is very similar to that of their private school counterparts at one third of the cost of their private school counterparts.</p>