Hmmm, really now? Then what is the interview process for? There's no need for interviews given this statement, all you need to look at is their degree and where they got it from.
There are so many more factors in getting hired, then where you got your degree from. Where did you Intern at? Whats your aspirations/ambitions/drive? How well you communicate? etc. etc.
Looking at where you got your degree from is the least thing on their minds I can assure you. (Now something like Lawyer etc. I agree with you, of course someone from Harvard is going to get into that elusive law firm over someone from University of Maryland etc., but in generalities thats the last thing they look at.)