Went through the same with my kids, one undergrad choice and the other with professional schools (med schools). Rejections are part of life, sooner or later. Once you get where your going the trick is to get the most you can scholastically, socially, and with faculty, who can help with that first job along with alumni networks. Both are successful and got the most out of their educations. For the med student, going to the state program saved >$100,000K. She still went to a top 10 program for her residency.