I totally agree but I also think that the world has changed such that many employers looking to hire college graduates are no longer as wow-ed as they once were by a Harvard degree. Personally, I would be a lot more impressed with a guy who worked his tail off and had top of the class grades at a state university (or really anywhere) than a middle or bottom of the heap guy at Harvard.
I employ technical people. Mostly developers but hardware types also. I give exactly zero weight for a degree except for projects with particular liability issues (i.e., CYA) - and even then it is still completely secondary to how well the applicant does on OUR tests.
For general staff many ex Marines will be far more valuable than recent college grads. Ivy league? pffft.