What separates an Ivy/top school to any other school in terms of content learned?

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For example, say there are two engineering students

one goes to MIT
the other goes to Arizona State or some other party school with an engineering program

Sure, the MIT student will have more connections, but will he know more than the Arizona student?

Surely there is some kind of common standard, I.e, to get an aerospace degree, all students have to know Prandtl etc etc, right?