Craig Venter, the scientist who sequenced the human genome, went to community college (San Mateo) and then UCSD (a state school). There's plenty of other examples of successful people who went to state schools and examples of unsuccessful people who went to private universities. It depends on how you define success.
Lots of things are subjective in terms of education. You can either focus on the bad aspects (potentially less educational prestige) or the good aspects (educational variety, among others).
I attended a state school and hated it at first because I focused on the negative aspects. Then I loved it because I started looking for anything positive I could find in the experience.
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