Video: Does it matter what college you go to?

In the wake of the recent college admissions scandal, many people are wondering whether it actually matters what college you go to.

For these parents, it was extremely important that their child got into a prestigious school at all costs. Clearly, they didn’t go about it the right way, but the pressure to have their child attend an “elite” college was great enough to motivate them to take drastic measures.

Does college prestige matter?

But does your school even matter? Does attending an elite college actually lead to better outcomes after graduating?

The video below from CNN examines that question.

We’ve previously explored it in our posts regarding the number of U.S. Senators who did not attend an “elite” college. We’ve also written how it’s not worth overpaying for a fancy name — and how elite colleges don’t buy happiness or success.

When choosing a college, you should always take return on investment (ROI) into account. And most colleges aren’t worth going into significant debt for. Student debt can follow you for many years and negatively impact your life, so the best thing you can do is minimize your college costs and avoid taking out much in student loans.

Do you think elite colleges are worth the cost? Let us know in the comments below.