If it's not about physical traits (which is good) then why does it matter? You realize every company does in fact discriminate for talent? (which is also fine).

We all want smartest, more capable and most reliable people, not a mix of smart and average and dumb just to "represent". Picking the top schools aligns for that, as long as your competitive enough to hire them.

Only if you go to a public, state school.

Otherwise, in-state tuition probably can't be a factor.