Douchebag.
~Paul
IRONY!
I've got to weigh in now. I think it is important where you go to school. Does it make you smarter, more worthy or a better person if you go to a better school? Nope. But let's face it -- not all schools are equal. Some schools have better engineering programs, or english programs or anthropology or whatever. Some schools are all-around mediocre.
Let me tell you about my college history. I came out of highschool an academic hotshot. I was a valedictorian (OK, 1st of 12, but 1st just the same...) and a National Merit Scholar. I went to Wash. U. for 5 semesters. While I was there I slacked off far more than I should have. I ended up transferring to the University of Kentucky, where I finished my BA.
There was a huge difference between the two schools. At Wash U, I took a class with a Nobel prize winner. I studied creative writing with a National Book Award winner. My friends from Wash U. are now work at SETI and Time magazine. The people I was around were smart, creative, driven and funny -- much like this place. It was a community I was thrilled to be a part of. I would not be the man I am today if I hadn't experienced Wash U. or someplace like it.
UK wasn't like that. It was OK, and the education I got there was not lacking, but uninspired. With a single exception, I can't recall much favorable about any of my classes. I made some dear friends at UK, a couple of whom I've lost track of and deeply miss. But in general, the experience was more like an extension of high-school than anything else.
In the long run will it matter to your career where you go to college? Maybe not. But it will affect you are and what you become. I know that the conventional wisdom these days is that college is just a way to buy a better job, that it's just career training. But I learned important stuff in college that has no direct connection to what I do for a living. And I think I learned more and better stuff because I was intellectually challenged by better faculty and rigorously selected students.
I don't think it makes me better or smarter because I went to a good school for a while. If anything, it taught me humility by exposing me to so many better students. I think I was lucky to have that educational experience and I'll always regret not taking full advantage of it at the time. But if you're saying there's no value in going to a better school, well that's just wrong.