Seems to me a lot of people recognize that undergraduate degrees in particular don't count for that much. Business and other professional degrees still seem to be valued. On the bachelors degrees again, if you want to pursue certain career tracks, going to an exclusive school is the main way people get their foot in the door. Depending on what you want to do, it might be a waste of money. Particularly, if you intend to get another degree. The name on that one might matter more. And you gotta pay for it all.