This is what gets me. The whole concept of college, and especially selective, high profile colleges such as Harvard, MIT, etc., seems antiquated and almost entirely manufactured at this point. It's artificially crafted scarcity designed to create a market and brand. I feel the true, primary function of these institutions is to give the rich and powerful a means to identify each other and their respective pedigrees. Sure, they throw the unwashed a few bones and let them take home some degrees. But what do you actually get for your effort and money? I can't believe the competitiveness is justified by an actual difference in the quality of the experience or the person that results from it.