[john_w_t_b]

I think you are wrong. Smart people have high earnings regardless of Ivy League or state school.

http://www.usnews.com/education/blogs/the-college-solution/2...

[ansible]

That's great, assuming your kid is actually smart. What if he isn't? If he can pretend to be smart (and all the other things Ivy League schools look for), then his path through life will be much easier by going to a prestigious school.