Hello, Tomo. welcome to Mudcat!

Sorry, I don't know that song. I vaguely remember a song a song "I've rather have Jesus" ["than silver & gold"...something else... and the words "with wealth untold"..and then something like "than all this world can give"...

But that is probably not the song you are thinking of..

This is probably also off topic, but I've seen the verse you quoted 'You can go to college, you can go to school, If you ain't got religion, You'se an educated fool' in several African American children's handclap rhymes. If you're interested, I think that it's related to the African American slave dance song "Ole Jesse".
See the Mudcat thread on the Origin of Aunt Jennie Died for more info on that.

I hope someone here knows the song you're seeking!