Both can be true simultaneously, if you expand the concepts. Nobody will disagree that attending an Ivy provides some prestige and social standing. Of the unive

Both can be true simultaneously, if you expand the concepts. Nobody will disagree that attending an Ivy provides some prestige and social standing. Of the universities imploding, most are smaller liberal arts colleges that can't withstand changing demographics (less college students). College is indeed a waste of money if you don't complete your degree program: you get none of the benefits in the job market, with all the debt you took on-- the worst of both worlds.