<p>I posted some time back on a thread discussing whether or not a top tier school was worth it. S had to decide among several excellent options, and I'm betting he would have had great experiences at any of them. Ultimately "we" went with what seemed the best fit. But I said the jury was still out on whether it would be worth it. Now that S#1 is graduating (May 15th - 16th!), I thought I'd share some of our experiences. This is one person's experience, at one school, but perhaps it might help someone on a fence somewhere. </p>
<p>School is Penn, major is economics (arts & sciences).</p>
<p>Postitives: *S was a Benjamin Franklin Scholar.<br>
*S has had opportunities to take myriad classes outside his field, just because he wanted to -- including foreign language, linguistics, music history, Wharton classes.
*He found a handful of extra-curriculars that fit him well.
*S has found a group of good friends "just like him" (which he didn't have in HS).
*S has had meaningful interactions, and developed friendships with, (and roomed with, by choice) people he respects, who think differently from him.
*He was able to do a study abroad.
*He received good financial aid.
*He has been taught by people well-known in their fields.
*He has participated in on-campus recruiting, job placement seminars, etc.
*He did an internship one summer. He thinks the Penn name helped him get it.
*He absolutely loves the school, still, and has four years of memories from attending his dream school.</p>
<p>Negatives: *The biggest is a fair amount of loans -- haven't added it up, but between his and ours, probably close to $60,000. (Penn's EFC was consistently higher than the FAFSA and other schools' EFC for us.)
*Concerning study abroad: The program he attended takes students from many different colleges. The set fee was lower than Penn's tuition, but we still had to pay Penn's tuition -- Penn paid the study abroad fees, and kept the balance. So students who attended the program from state schools and such paid much less for exactly the same program. Something to consider, if you're planning a study abroad.
*S has always wanted to work immediately after graduation, but we wanted him to apply to grad schools as well, to cover all bases. He ended up not applying to grad schools because he couldn't get teacher recommendations. He talked to the professors he thought knew him best, and they discouraged him. I think this is one of those areas where the school perhaps weights its grad-school acceptance rate by not letting students apply who aren't sure bets. They all seemed to advise him to work for a couple years first. (Then, those successes/failures don't show up on school statistics.)
(Lesson to take from this: If you know you want grad school right away, make sure you get into research, and develop a close relationship with a couple professors! And keep your grades way up!)
*We found many companies and grad schools don't even let you apply unless you have a 3.5 or better. (S's is just under that, which is above average for Penn.) It seems strange to us that a GPA would be considered evenly across the many different levels of schools out there. I know there is much said about grade inflation, and can see both sides, but this is one time where being a little fish in a big pond hurt him. </p>
<p>End of story: S has received two very good job offers (so far) in exactly the field and location he wanted. Have no idea if the caliber of school helped, or if this is just a season for needing entry level B.A. economists. Personally, I suspect the school name/reputation is probably helping. Not only will he have a job, but he will have a choice.</p>