FWIW, I have a few Ivy League grads working under me currently and have had a few in the past at other jobs...
...and I'm a marginally educated redneck (well, recovering redneck) with nothing more than a BBA in business from OU. Two of them in particular think they should be running the company 2 years out of their programs, despite the fact that they have NO real-world experience in a corporate environment. As it stands, I trust them to do their jobs well, but I wouldn't put them in charge of a gumball machine at this point.
High-dollar educations are only worth the level of effort put forth with them. Yes, they can open doors that rountinely can't be opened any other way, but they don't KEEP you in the door if you don't possess a number of other qualities. I'll take a hard-working and sharp B-school MBA grad over a pompous, arrogant Ivy League type any day of the damn year, unless the political/social environment the chap will be working in demands otherwise.
Don't think that just because you possess a piece of paper that has a big pricetag and lots of prestige tied to it's name will let you go places in and of itself. It absolutely gives you a bloody nice leg up on the ladder, but it won't give you staying power by itself.
If you want to impress a CEO or an interviewer on an education, inform them that after careful financial consideration, you chased after the highest quality program given the financial resources available to you at the time.
