<p>The thing I;m having a hard time comprehending here is, why not Ohio State? To me that seems like the obvious solution. Consider the following:</p>
<ol>
<li><p>OP’s daughter wants to study engineering. According to US News, OSU is the 26th-best undergraduate engineering school in the nation. Which, if the ranking is accurate, means there are only 25 better. That’s pretty darned good considering there are some 3,000 colleges and universities in the country. For engineering OSU is just one step below #23 Harvard, at the same level as RPI and Penn, and ahead of #35 Brown, #35 Case Western, #43 Yale, #49 Dartmouth, etc.</p></li>
<li><p>More particularly, she’s interested in Chemical Engineering. I don’t have undergrad program rankings, but OSU’s graduate ChemE program (a proxy for faculty strength) is ranked #23 nationally. Case Western, the other local contender, is #45. Princeton at #7, Cornell at #18, and Penn at #19 are the only Ivies that outrank it. So bottom line, an excellent school for the student’s intended major.</p></li>
<li><p>Is OSU affordable? Total COA is about $25K for an Ohio resident, so that’s already about $5K less than the OP’s EFC at an expensive private or OOS public school that meets full need. Assume the student can contribute $4K/year from part-time employment during senior year of HS, summer employment, and term-time employment at school (probably not work-study because that money will go to students with demonstrated financial need, but there are always waitressing and bookstore jobs in college towns). Further assume the student borrows the maximum federal Stafford unsubsidized loan of $5,500 for a freshman, a bit higher for upperclass students, which would leave the student with about $28K debt at graduation–a very manageable figure or a chemical engineer. That leaves the OP about $500 short of the amount she says she is willing and able to pay. Is that $500 ($41.67 per month) a deal-breaker? Really? For the 23d-best ChemE program in the country? I don’t know whether OSU engineering has a coop option, but if it does that could drastically reduce the out-of-pocket cost even further. Two of my brothers are engineers; both did coops which paid for a large part of their college costs, opened up valuable networking opportunities and led to permanent job offers, and gave them valuable professional experience which gave them a huge leg up in the competition for full-time employment after graduating.</p></li>
<li><p>Can the student get in to OSU? GPA is stellar. ACT of 27 is third quartile for OSU (middle 50% 26-30), but the admit rate is 67%, and likely a bit higher for in-state applicants. So a 27 with that GPA might well do it, but pushing it up to a 28 or 29 could all but seal the deal. Can she get into a better ChemE program with those stats? Well, maybe, but the admissions bar is going to be higher and the financial demands likely greater at any higher-ranked private or OOS public school. Worth investigating, though, and worth pursuing if the finances look promising. Case Western is known for giving big merit awards to students they really want. A 27 ACT may not be competitive for those awards, but with that GPA a slightly higher ACT might do it.</p></li>
<li><p>My conclusion: OSU is the obvious starting point but it’s worth targeting a few “reachier” schools and a few “safer” schools to see what the combination of program quality and costs looks like, and to have alternatives if OSU works out, and fallbacks if OSU doesn’t work out. </p></li>
</ol>
<p>Let me emphasize here that I’m no OSU fan. In fact, I’m a Michigan alum, which has conditioned me to hold OSU is disdain. But purely as a value proposition, for an Ohio resident who wants to study engineering, and chemical engineering in particular, and who has the stats to gain admission to OSU, OSU is going to be very, very hard to beat. I think the challenge should be to burnish the credentials to secure admission to OSU, and then to see if any school beats it, considering both price and quality. (But hey, nothing’s to stop you from quietly cheering for the Maize and Blue, even as an OSU student).</p>