But above all, there are no rules here.
You're all right to some degree, and you're not to others. Chino is right for 95% of the population, in that your choice doesn't matter in the grand scheme of things, but the reality is, when your college roommate goes on to be a Senator, or CEO, as it often does in the Ivy League (or elite) schools, it matters. It just does. But that's the elite tier. At the next level, not so much, but it still does. We joke about saying "I got a guy..." but having gone to UConn, I DO have a guy. I have a network of people I can call on, by no other virtue than we have a piece of paper with the same logo on it. Sounds like nonsense, but it isn't when you're talking about serious issues like finding a job. People talk about how the "rich" have the advantage; it's not the rich. It is the networked.
Now, granted, you have to be remembered for more than being "that guy" that buried the four-beer funnel while puffing a joint out of his butt crack, but still.
College doesn't describe your fate, but what you DO at college does. But, kiddo, that's life. After you get out of high school, EVERYTHING you do "describes your fate" in one form or another. You can't bounce through life from incident to incident hoping there is a reset every single time, because it doesn't work that way.