The fear that your kid will be a failure if you don't have money so send her to MIT is pure insecurity.
It's better to work 40 hours, follow and help her in school than work 80h and be the stranger that throws money over a wall to send her away from home under the guise of "it is good for you, trust me".
Sorry, but that's your prerogative. I haven't seen my dad much when I was a kid because he was working his ass off to provide for his family, and help us get in better schools than my family could not afford otherwise.
If you can afford to live in luxury with only 40h a week, then it's great, but don't assume that everyone can do it without trade-offs. And if that trade-off is your kid not getting the best chances in education down the road, then it's worth thinking about it twice, if you do love your kids.
It's better to work 40 hours, follow and help her in school than work 80h and be the stranger that throws money over a wall to send her away from home under the guise of "it is good for you, trust me".