I strongly disagree, it entirely comes from the narrative instilled in all of us that we're screwed if we don't get top grades, that I am a huge failure if I can't get into an elite program. If that pressure wasn't there, neither would this problem. Some kids literally think it's the end of their life if they don't get into x,y,z school. There's no one telling them that college doesn't actually matter a fraction as much as it's built up in their head. Just get a degree, but I mean, at this point, 5 years out of college, you're not limited in the slightest by where your degree came from, not in this industry, where what skills you have and your hustle dictates all (granted a degree from an elite program gives you a marginal boost, but still marginal). My fellow Ivy League grads would get blown out of the water by some of the people I work with.