This kind of discussion has taken place on CC many, many times. Lesser-known colleges can have very good programs in various disciplines, including engineering. Smart, hard-working students can get very good educations in all kinds of colleges. There are still some benefits to attending more selective institutions, but some of these benefits are intangible, and they are (at least in part) luxuries.
I get it, but I would state that there are probably plenty of students at the more prestigious schools that would be no more prepared for Shakespeare than students at Podunk U.
^^^^ The answer is self evident is it not? If money is no object, there is no question on the table. For most people money is an object. 250K for a prestigious undergrad diploma, assuming full pay, versus 0 for Podunk U is a hell of a difference for many people. The question is whether that financial sacrifice is worth it.
So lets say your child gets in but there are no discounts on the tuition (i.e., scholarships) .......
If your family has an income less than $80k/yr, Harvard is FREE, including room and board.
How does your CEO father evaluate how hard of a worker someone is BEFORE he hires him or her? Does he use the candidate's GPA? If so, would he consider a 3.7 at your local state university to be worth the same, more or less than a 3.7 at Princeton? Would he agree that, ON AVERAGE, a student who was accepted to a school like Harvard or Stanford worked harder throughout high school than the average student at Podunk U?