But GPAs have almost no value, and people don’t go to such schools for grades. It’s all about networking and prestige, and wanting to be around accomplished or ambitious people.
Disclaimer: I don’t necessarily agree with these views, just summarising what I’ve seen.
My Mom went to an Prestigious University, when my Mom went back to work after the kids got old enough to take care of themselves (to some extent..), that degree opened doors. She was explicitly told, hey great university when she went for an interview. We had a friend in our peer group didn't go to state school like us but another "Prestigious University", he was a history major (we were engineers), but he never had trouble finding work.
Disclaimer: I don’t necessarily agree with these views, just summarising what I’ve seen.