Its a widely discussed topic on HN. Everyone has there own opinion to it. I understand that many of the people on HN them self attended the best colleges they can get. But they were never satisfied with what they learned in college. That is why it is frequently mentioned that it doesn't really matter which college you attend. But assuming that we don't learn anything significant in college there is still a purpose to go. Most of the students when they want to pursue a good academic life go to the reputed institutes because they will have good company and better opportunities. Good institutes have better faculties and facilities. But assuming that you don't mind facilities and the faculties don't mind you there is still the question of the peer group. As I see it the more reputed an institute the better peer group you will have. And that will of course add to your personal growth. Keeping this in mind, what are your opinions on the implications of your institute on your career.