<p>I want to second the posters who stress that it really depends on what you’re planning to do after graduating college and also what sort of person you are. A 3rd tier school is just fine if you’re planning on med school, most PhD’s, etc–IF you work hard and find one or two professors who are willing to go to bat for you. This will mean, again, that you work hard. It is far better, in fact, to go to a lower tier school and work hard and find your connections, than to go to a top school and coast. I’ve seen many many students who essentially squander their Ivy education by goofing off and/or not taking full advantage of what it has to offer. In my own case, I went to Michigan State (3rd tier, I think?) but went to the Honors College and took grad level classes. I was accepted to a prestigious grad school for my PhD (which I turned down, for stupid reasons unrelated to the college). </p>
<p>HOWEVER, there is another huge factor. Class and cronyism. Unspoken is the fact that Ivies have a HUGE amount of wealth. If you’re socially smart you can manuever your way to a key internship or job through connections and cronyism (not med or law school). This is a plain fact, although I realize distasteful to our illusions of a meritocracy. Cronyism is much harder in a state school or 4th tier school (but not impossible). So if that’s your goal - if your goal is to latch on to a ‘pal’ and enter into a key business position, a bank, a hard-to-find museum job or whatever–anything that isn’t really meritocracy, but is in fact simple who-do-you-know - then an Ivy is going to be a good ‘investment.’ But that’s only if you’re that kind of person and if you want that kind of job. For med school, it’s completely irrelevant. To be honest, it’s even irrelevant where you go to med school, if you’re after a decent job. I know plenty of doctors who make a half a million who went to ‘regular’ med schools and are now heads of their departments and/or happy in their jobs. These people work hard and have excellent people skills. </p>
<p>So, to sum it up:
If you want to latch on through cronyism and you’re in a field where cronyism gives you a huge leg-up, an Ivy is pretty important. Again, I realize this is distasteful to state outright,but it’s reality.<br>
If you want a career in a field that is mostly meritocratic, such as medicine, then it honestly doens’t matter in the least where you go to school, as long as you work hard.<br>
If you want an undergrad experience with a lot of bright people, then look at the average SATs and see where you fit in. This is a good rule of thumb. But honestly, you’ll find bright people anywhere, as long as you hustle and work hard. On the other hand, it’s harder to find bright people in an out of the way fourth tier school, than a top Ivy. Harder, not impossible.<br>
In short, college is the beginning of how life is. Work hard, and you will be rewarded. But also, if you’re rich and connected to cronies, you will find it a lot easier to get ‘ahead’ in many non-meritocratic or semi-meritocratic careers. If that’s your goal and you’re willing to do that.</p>