There are people like that from crappy schools, too.
One of the best results from my having gone to a top grad program is that I still have easy access to the faculty. It may not work this way for undergrad programs; probably depends on the size of the program. In my case, though, my advisor is one of the top technical experts in a lot of matters that I deal with on a regular basis, and being able to just dash off a quick question to him is priceless. I'm not saying that he *wouldn't* answer questions from outsiders, but I generally don't feel comfortable asking questions like that of faculty members at other insitutions where I don't have a personal connection.
Regarding the worth of the students themselves, though, I agree with some others that after a certain number of years of experience, it ought not to matter. People who could have made it at the top programs but chose not to attend ought to be able to shine at work, and people who got through a top program by rote will be unremarkable at work. On the other hand, it's hard to find out whether someone did poorly at their last job.
Hg
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