In fact, I want to draw attention to something very important that's almost never brought up - the dichotomy of educational models, and questions surrounding why people choose one over the other.
To my knowledge, at the four-year undergraduate level, there are two distinct models/types: liberal arts colleges and research universities. The former are typically small, student-centered, and take a very broad approach to learning, emphasizing the idea that by taking many courses in multiple areas (while still specializing in one discipline/"major"), that a student is better-equipped for a changing society. On the other hand, large, public universities tend to focus on research, and their approach to careers and programs is more linear as a result.
Both models are important in their own ways, and everyone has their own take on which one suits them better as a student. However, I do believe this question extends much further, and I think it is fascinating to think about how a student ends up at either type of institution. Financial reasons aside (not discounting as I know this is important, but looking beyond that), I think it is an issue of priorities and values. What is to be gained from the education, how will it impact your professional life, and how does this choice affect your "status in society."
I only have perspective on tech, engineering, business, etc. as an outsider - I've never studied those things. I would be very curious to hear any of your takes on this, especially those in/from engineering programs, because I only have this perspective as an outsider, and I feel that by getting your perspective, perhaps I can better understand the meaning and influence that such a program has had on your life and career.
I do find it somewhat strange that I'm thinking about these questions and issues before I've even graduated college, as many people I've talked to about this are much older. I do think this is an important discussion and these two models should be examined thoughtfully, without subjective judgement.
Of course, these two models are just two - and it's not safe to think in such a black-and-white way, but for the sake of a forum post, that's how I'm going to frame this.