]
This is probably off-topic, but I really disliked the same mentality some college students had that was reflected in your post. I don't see a problem with buying designer goods, but I knew some people who really abused the financial aid system at their schools. I knew people who pretended they were still in school so that they could keep their scholarship. That money went towards buying luxury items, including a Porsche. That money could have gone to someone who legitimately needed it. (Instead of a rich kid whose parents had clever accountants who hid their assets in Swiss Bank Accounts.)
As for using designer bags in college, I don't see a problem with that as long as it was used in good taste, meaning people don't flaunt it and be disrespectful, especially in front of people struggling to put themselves through school.
What I really liked about my school, which I know is an unique situation: a small, private college, is that, for a large extent, you had no idea who was wealthy and who wasn't. Sure, there were some flashier people on campus, but, in general, I was glad to attend a school where friendships were not made over socioeconomic class (though some can argue that going to my school in itself signaled a privileged upbringing ...), but over common interests in extracirriculars and classes. That contrasted greatly from my large nouveau riche high school, where distinct class lines were drawn on where you lived, which designer purse (
Prada nylon was du jour; later when my sister was in high school, it was all about LV) you carried, and what car you drove.