As their high school career comes to an end, most students are faced with the decision of how to continue their education. Students fight for a spot in the college of their dreams at whatever cost. But buying a degree from a prestigious university has become more valued than a well-rounded education.

According to CNBC, top-rated universities like Harvard, Princeton, and Yale universities hit record-low acceptance rates ranging from 4.5% to 5.9%. With these changes comes a rise in costs and therefore a new record in student loan debt. This has left many students and families considering less expensive options such as public schools.

Public schools have a total cost of $21,370 on average while, according to the College Board, private institutions almost double that price at an average of $48,510. So what is that money really worth?

Although CBNC confirms that graduating from a high prestige college will increase earnings by 7%. Ivy League schools, however, do not define your worth or determine how successful you will be. Many influential people attended public schools and still  made a name for themselves despite not necessarily having a degree from a prestigious institution.

For example, Larry Page, who graduated with a degree in computer engineering, became the co-founder of Google, and Dick Costolo, who graduated with a degree in computer and communication sciences, became the former CEO of Twitter, both graduates of the University of Michigan. I’m the same way, former vice president and graduate from the University of Delaware, Joe Biden pursued a degree in history and political science after attending a public school. 

In the end, attending an elite school is not necessary for success in the years to come. More cost-effective options like public schools offer the same level of education at a better price. With hard work, important things can be done whether it is with a degree from an Ivy League school or from a public school.