Comment by phatfish
A degree from the "right" college surely helps for certain firms? Sure, it must be a small number of top ones as most can't afford to be that choosy about their candidates.
Whether that is a sensible strategy for the firm (a candidate bias towards those who can pay the top college fees) is another question.
In those cases the sensible strategy for students/parents is to get most of the degree in the local college and then move to a prestigious college at the very end of one's studies.