You won't hear those rejections after you graduate Princeton, Yale, Harvard, USC, Stanford, Berkeley, Northwestern, etc., no matter how liberal they lean. The fraud is on all the gradates that went to "college" and didn't get distinguished from all the other plebians that also went and got their degree from a third-rate state college in some place like Iowa or Colorado.

Unlike "trade school," a university education doesn't primarily impart practical skills or knowledge. It's main function is to bestow upon the graduate a title of nobility that grants them the priviledge to be considered for a lordship or a dukedom. The Constitution in the US forbids granting of titles, so that has been the workaround ever since.

Just going to Yale doesn't qualify a graduate though, because there are all those token diversity admissions and charitable scholarships and so on, but a interviewer can look at a candidate and their resume and discern that right away and of course they need token diversity hires too so they might consider that.

The problem is, the Progressives got the idea that they could sell a plan to bring every schmuck up to the socioeconomic level the stats were showing for university graduates by 'expanding' access to higher education, beginning with the GI Bill. That massively increased the demand for 'college.' For-profit colleges popped up to grab GI Bill money while selling their graduates short on a 'diploma.' The demand for state colleges and universites caused massive growth, and the result is basically watered-down prestige and distinction. If they get their way with student-loan forgiveness and free tuition, the distortion will be even more extreme.

Some students are looking to enter a profession or career where a graduate-school degree is a requirement (doctor, lawyer, etc.), and forgoing college isn't an option. Even so, the liberal-arts colleges aren't likely to improve the employment and career outcome for someone who attends a college lacking in major prestige.