90% of students are not aiming to go to a top school, and of those that do, they know the benefit is networking with peers at the top schools, not the labs or fancy equipment.
Except, you know, the top tier research labs with the most talented minds working in them. That absolutely has value. Is it worth the money that you are paying for your diploma - I don't know.
The denigration of our best technical programs to say they don't have that much value above and beyond networking benefits really undermines some of the core values of our educational institutions.