>The other aspect of college you ignore is, it is a way to build a network prior to entering the workforce.
I don’t know how generalizable this is. I remember reading a few studies trying to assess if Ivy League education was really more valuable that a state school. The result (IIRC) was that it only matters for students who came from the lowest economic strata; the authors presumed it was due to the network effect. But that also means the network effect was negligible for the majority of students.
I used to work for a guy who had his engineering degree from Harvard. I was out of the Navy, got a job but also had a GI bill and was looking to go to school for engineering while working full time. I asked him his advise. Pretty much he said is to go to a state school. The only real benefit, at least for engineering from Ivy League, is the network, which can make getting the first job easier. Otherwise the course work is the pretty much the same.
I don’t know how generalizable this is. I remember reading a few studies trying to assess if Ivy League education was really more valuable that a state school. The result (IIRC) was that it only matters for students who came from the lowest economic strata; the authors presumed it was due to the network effect. But that also means the network effect was negligible for the majority of students.