>Of course the real tragedy is that we fixate so much on college, even prestigious ones, at all given how unnecessary they are for making people into productive and happy human beings. This change is significant but affects less than one percent of the population each year..
I'm ambivalent because I sympathize with both sides of the equation. One one hand, I have the hindsight now that I didn't at 18 to realize that the world didn't end because I couldn't get into Harvey Mudd. And in many ways it turned out 100x better; instead of staying in LA-ish areas, I explored a whole new area I never would have considered otherwise, still got a great education for a small fraction of what Mudd woulda cost me, and was exposed to a completely different flavor of computer science that helped me decide my career.
But on the other hand, college really does open a ton of doors that for many non-upper class people would never open otherwise. While I was still in tech and had many choices, I imagine people at MIT or Mudd would be fighting off recruitment at top companies with a stick, with many opportunities coming from certain companies who only recruit at such universities. It can accelerate your career on the order of 5-10 years if you stick it out. And you'd likely be unparalleled in resources and opportunities if your focus is on research. If your goal is as lofty as being the next household name or to pivot into creating your own business, there are oodles more oppurtunities there.
I wouldn't trade the education I got for an MIT one, but I can understand why 18YO me (and many others) do feel that way.