Given that everyone was living in Boston post-graduation and the base CoL is somewhere between 40 and 50k per year. The MIT folks had somewhere between 2 and 20x the disposable income at graduation. Meaning their debt burden was much lower.
Umnass opens doors in MA the way smoking pot makes it easier to make friends in college. You instantly have some token thing in common with a sizeable minority of the people around you and that gets you a head start on developing relationships.
Once you've done something in the industry, almost no one is going to give a hoot about what school you went to, they're going to care about what you've done in the industry, but at the start at least, you may have to settle for something a little shittier.
I did ok in college and very well in the private sector. I started as a sysadmin for a small finance company and am now a senior software engineer at Amazon Alexa working on ML for search. Hard work always pays off as long as your in the right field ( comp-sci is a great field ).