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RE: Better to attend cheap and academically mediocre college or expensive but prestigious?
only very prestigious. Serious recruiters find students from only the top schools. If you plan to attend law, medical, or other non-business graduate school, undergrad completely does not matter (maybe a little with law), and your gpa does, so easier schools help.

Lastly, you will work around competitive, intelligent, and connected future elites at the very top schools vs a very unserious population with dim futures at a state school.

150k (plus living expenses?) is a lot of money that sort of handcuffs you to the high paying career paths.

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