I'm about 20 years in on my career and can maybe provide a few observations:

- Outside of very few jobs, this article is absolutely correct. The few jobs that it really matters are ones where they won't even look at your resume unless is has "Harvard" under "Education" on the resume for no set of reasons that have anything to do with the quality of the education. I leave it as an exercise to the reader as to if they really want to work in those kinds of places -- note: the burn-out rate on those places is usually around 2 years, then you're out in the market with the plebs and a pretentious work history you'll have to explain away for the rest of your life.

- Very early in your career, maybe the first 2-3 years, if you went to a top-tier private school you might receive a slight pay or position stats buff over your state schooled peers. If you went to a private school that wasn't top-tier nobody will recognize it and it'll be a waste of your money. Rule of thumb, if the private school you fight your way to get into and pay out the nose to attend isn't immediately name recognizable, nobody will care in the slightest early in your career and it may as well have been the local commuter school later on.

- This stats buff goes away very fast and hard as your movement up the corporate ladder start to be based on factors other than the school you went to. After your initial 2-3 years, you'll be expected to have learned the job and be able to perform at the working level. I've observed that there is almost no correlation between the best performers and the school they went to. If anything there might be a slight bias towards those that went to impersonal state schools since they're used to not having their hand held. This is the hard lesson that places like Google are learning. One of the difficult things with being data driven is that when the data shows your state school grads do as well or better than your top-tier grads in the workplace, you have to pay attention. And the data has shown conclusively that it really doesn't matter.

- By 10 years in, employers look for degree level (M.S. over B.S.) and possible field (relevant like Computer Science vs. irrelevant like Anthropology) and completely don't care what school you went to in the slightest. Those that do, 10 years in on a career, are usually places you don't want to work long-term.

- By 20 years in, you could have gone to the worst cow-poke state school in the country and nobody will care even in the slightest and your peers at that level will have educations from an impossibly diverse collection of schools.

- Many of my peers who graduated from a top-tier/private school realize that they'll need to return for an M.A./M.S. or an M.B.A. at some point in their career to maintain upward momentum. Since they're working at the same time this inevitably means going to the local state school. A comment I've heard over and over again is that state schools often don't do as much hand holding and advising (degree counseling) as the privates and they often feel lost in the impersonal grind. Many of them drop out a year in because of this. If you end up here, don't drop out, it's not that hard, but state schools won't treat you like a special snowflake.

- However, you can go to the wrong school. The big commercial for profit schools, like University of Phoenix or similar, can be a slight drag on your early career post-school and make it harder to hit career maximums. Companies like to fill up the "Leadership" page on their web site with people who went to well credentialed schools: state and private doesn't make a difference, exploitive for-profit does.

- All of my peers with huge student debts went to private schools. 20 years in, I have peers still paying $200-500/mo to service their loans. That's a car payment. The people who are debt free, and get to take on expensive hobbies, travel a lot, etc. are the ones who went to an in-state State School.

- People agonize over what school they're going to go to for their undergraduate education, usually over very minor reputation differences. By 5 years into your career it won't matter even in the slightest.

- The only people I've ever met who introduce themselves as "I'm so and so and I went to <school>" or say "When I was at <school>" instead of "when I was in college" went to an Ivy. Most people stop saying this pretentious nonsense about 10-15 years in because they'll finally clue in on the social signal that it's not impressive to anybody.

- If you have money to burn, and you want to carry cachet more than 10 years into your work, go to a well known overseas school like Oxford. You'll get name recognition, tales of the foreign, etc. However, if you have to explain that "I went to basically the Harvard of <insert country>" you won't get the same effect. Americans still think there's some secret sauce that well known top-European schools impart on a student.

- If you went to school because of the great sportsball team, nobody gives two flying fannies about it when they're hiring you. On the things that are important about you as a candidate, it's at or near the absolute bottom of the list.

- Your in-career social network will be far more meaningful for you than the one you get from school.

- Spending the extra money to go to an out-of-state state school is almost always a complete waste of money. Just go to your local state school and use the difference to pay off your loans in a couple years or buy a car or something. It makes absolutely zero difference to your employer and slight reputation differences in programs won't make that much difference once you're out in the working world.