The answer seems to be, "Probably Not", so long as you are the beneficiary of the complicated and inter-locking system of subsidies, grants and government loans available at the elite college level ("elite" being defined as one of 200 private colleges and universities that have "high brand recognition", like the Ivies.)
But, for others, the author paints a much darker picture:
http://www.nytimes.com/2015/09/13/magazine/is-college-tuition-too-high.html?_r=0
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