That is a question which, can only be answered by asking another: how do you define a "good school"? Some individuals only consider a good school to be one that is listed as Tier 1 when in reality that is far from the truth. Tier 1 schools are outstanding in their own way but we cannot dismiss the solid quality education students receive at local, two and four year state colleges. John Walsh, Billy Crystal and Tom Hanks all attended local community colleges before moving on with their lives. From Montclair State University a state funded college: Bruce Willis (actor), Melba Moore (entertainer), Marge Roukema (Congresswoman), Warren Farrell (author), Allen Ginsberg (poet), Mike Fratello (basketball coach, sport commentator), Joan Voss (NJ politician), Ted Strickland - Asbury University, Kentucky (former Ohio governor and US Congressman).
This article discusses the value of those schools not designated as Tier 1: http://www.forbes.com/sites/ricksmith/2014/11/24/your-elite-school-is-not-worth-the-cost-studies-say/
Tier 1 schools are wonderful no doubt but, there are equally outstanding values to be found at those colleges designated as Tier 2 or 3. The greater the effort, the participation, the engagement ,the greater the overall education and, experience. Good Luck!