I couldn’t disagree more strongly with PennCAS2014 and runswimyoga re the point about law school. If you are considering law school, please, please, PLEASE don’t acquire a lot of debt as an undergrad. The reason a lot of UPenn undergrads go on to good law schools is precisely because UPenn has a lot of high scoring LSAT takers, with high GPAs. That’s it. If you have a high GPA and a great LSAT, you can get in anywhere - disregarding where you went for undergrad. Law school admissions is much more numbers based than, say, MBA admissions.
A couple years back, a top law school forum compiled the data of undergrads with the highest average LSAT scores. Take a look:
https://docs.google.com/spreadsheets/d/1z7FPSt2L1Qc5dYDPhwoFfldl3mTZRZ8dI7-n2gN9f8E/edit?usp=sharing
Penn is in the top 15 for schools with the best lsats/gpas, only behind schools like Harvard, Yale, Stanford, etc. It’s no surprise, then, that Penn places lots of students at top law schools (but, unsurprisingly, fewer than Harvard, Yale etc. undergrad, because those schools have even higher concentrations of high LSAT/GPA performers).
If you want to go to a great law school, concentrate on getting a great GPA and LSAT score. If you have a full ride to UIUC, it means you’ve got what it takes to get a great GPA (and probably great LSAT) there too.
It’s much better to be in a great law school with a UIUC degree and no debt, in comparison to being in the very same law school with a UPenn degree and $150K+ in undergrad debt. Law school debt is bad enough - don’t add to it with lots of undergrad debt.
Runswimyoga also said that Obama was more credible because he went to Columbia/Harvard Law, as opposed to Occidental. The correct premise there, though, is that Obama had more credibility in his early years because of his Harvard Law degree - that degree opened up elite firms/circles for him in Chicago. If he went to Occidental/Harvard Law it would’ve been largely the same trend. The key there was his law school, not his undergrad.
I should close by saying, at the undergrad level, a top school is really only worth a lot of debt if either a.) you can afford the debt or b.) you’re SURE you’re going into a lucrative major/field (like business). So, for the poster whose child got into Wharton - absolutely, it’s a great idea to go. Top schools have an edge in finance/consulting recruiting. For other fields - the debt is rarely worth it. Columbia might have a better pipeline to writers at the NY Times than UIUC, but if you have $200k in debt, you probably can’t take that $50k/yr entry job at the times anyway.