BY the time you are 22, no one cares where you went to high school, and by the time you are 30 no one cares where you went to college. You'll be judged by how motivated and dedicated you are to your work first and foremost, and by your base IQ and academic credentials second. There's not much room for unmotivated, lazy people, no matter how smart they are.
Check out this WSJ article:
http://online.wsj.com/public/article/SB115853818747665842-ZqcThW_76BozMT1wgzstA1afvh8_20080510.html
A quote from it:
"I don't care where someone went to school, and that never caused me to hire anyone or buy a business," says Warren Buffett, CEO of Berkshire Hathaway, who graduated from the University of Nebraska-Lincoln.