True, I would argue though that after a certain amount of time, nobody even cares about the quality, it’s the university name on the degree that is truly important.

You can go anywhere on the planet even decades from now and say you’re from Harvard (take your pick) and you’ll be regarded as a knowledge god even if you were the last in the class to graduate.

Educational quality isn’t everything for getting into a good career, it’s the reputation, and that is what schools in the US (and a few abroad) have in spades.