I got a call once from a graduating senior at Stanford asking about our "engineering opening."
I told him we didn't have an engineering opening, and it became clear pretty fast that someone in their career center had goofed and listed our job opening incorrectly.
But this Stanford grad just refused to believe it. No matter how I explained to him that we do college counseling, not engineering, and that someone in the Stanford office must have made an error, he just got more defiant and told me, "I have the listing right here in front of me." He wasn't just misinformed; he was rude about it (and I thought I was actually being pretty nice).
When he said, "OK, can you put me on with your manager since you don't seem to know much about the position?", I told him I was the manger and gave up trying to help him.
The point here is not that Stanford grads aren't bright (for you Cal Bears who might be reading this). The point is there are certain things that GPAs, test scores and degrees from prestigious universities don't measure. This guy had to be smart to go to Stanford and major in engineering, but he was clearly lacking some people skills that he's going to need to get a job.
Don't assume that you need a degree from a prestigious college to be successful. And if you get to attend a prestigious school, don't assume that you've got nothing left to learn.