I propose that similar to age and gender, college name be no longer required as a criterion for job applications. If there is indeed an advantage of going to a better school than this will manifest itself in the actual interview process. If there is not, then it will be quickly realized that it doesn't make any sense to jump through these hoops to go to the better schools and thus the problem solved.
It's unlikely to happen as most legislators in the USA went to the very same schools that one is attempting to gain admittance to - a clear conflict of interest.