But I'm more curious as to the people that can't get into Stanford and have to go to lesser schools like I did - what exactly are we to do? It's pretty clear that our outcomes are not going to be as good by any means, and it seems like political correctness limits any discussion of that.
I didn't get into Stanford (or anything like that, best I did was UNC in-state) - what exactly are my options here? It seems to me what you just said only applies to my intellectual superiors who are choosing between Stanford and UC Irvine, not the people that go to UC Irvine or Santa Cruz or Merced because they couldn't get into Berkeley or Stanford (who make up the majority of the country).
The fact is that people have this weird idea that college doesn't matter come from a position of immense privilege that someone like me doesn't even have the capacity to fathom. Of course it matters - being a Cardinal is a life-long thing, but being a member of the Wolfpack is more of a temporary embarrassment at best.
Maybe, but getting into an elite college is a very strong signal that can act as a multiplier for every other character trait.
Having drive and intelligence is great. Having drive and intelligence, and getting into Stanford, is life-changing.
I went to Stanford. I love my undergrad. But I also have faced plenty of rejection and adversity on the way and since graduating. What matters is how you respond to that rejection, which is what the struggle to earn admission reflects. Having your parents bail you out means you will never learn those lessons.