Myth #2: Employers and graduate schools give an edge to those who have degrees from prestigious universities.

Not necessarily.  As the general level of quality in colleges has risen over the last several decades, and as more and more colleges have distinguished  themselves, employers and graduate school admission staffs can not longer rely on the name of a college as the most important selection factor.  What is important is your success in college.  As a result, wise students are matching themselves to colleges within which they have the potential to make good grades and contribute positively to campus life.  Such students, with distinguished records in college, are highly sought by company recruiters, graduate schools and professional schools.  Five years out of college, a person's own qualities will decide whether she gets a raise.  Do Ivy League graduates have a lock on lists of the most successful individuals in our society?  The richest?  The happiest?  The most humanitarian?  There is no evidence to suggest any of these questions are true.

Taken from "College Match: A blueprint for choosing the best school for you." by Steve Antonoff