My thoughts on attending a famous university

During the recent days, many people here and elsewhere are debating the pros and cons of attending (or encouraging their children to attend) a famous university. Here I'd like to put down my thoughts on this perennial topic, and I shall be gratified if these thoughts may contribute to clearing the clouds in the minds of readers.

First of all, attending a famous university is a privilidge for a small group of people, as a majority of people's minarifying the be of value to benefit to thos of interest to us all.