<p>"This is exactly the dilemma my son and I are trying to figure out. He's a NM Semifinalist and looking at several "full ride" offers at "Tier 2" schools. However, as is well established on this board (Thanks!), the Cornells, Purdues, MIT's, etc. don't give any money at all. I'm pretty much of the opinion that we take one of the full rides, and worry about the prestige of the school in the advanced degree arena.</p>
<p>Please, if someone has a compelling argument against the easy money / mediocre school choice, present your facts!"</p>
<p>OH_DAD, probably depends on the kid and the major; but I'll give it my best shot.</p>
<p>In my family's case, one kid chose expensive elite LAC. For his major and goal (science and eventual PhD), there's no doubt in my mind he would not have had the opportunities he's had if he had chosen the easy/mediocre route (and that was one of his choices). His choice was exactly right for him, based on what he wanted: excellent UG teaching and mentoring, myriad research opportunities on and off campus (has two articles published in top peer-reviewed journals with a third pending), professional exposure (conference presentations), outstanding career guidance, peer group. His goal is a top grad school, and he's right on track. How do I know this? Because he attended one of those "other" colleges while he was still a HS student. No comparison.</p>
<p>OTOH, other son went the easy/mediocre route (CS major) with full ride and then some (an extra $4,000 per year) at what is probably a third-tier state school. He did an internship while an UG and even graduated a semester early. At 23, he has a job with the top defense contractor at a decent salary (mid-$70s). His employer will fully pay for his (well-respected state) grad school (MS for now and probably eventual PhD). His choice was exactly right for him, too, based on what he wanted.</p>
<p>As I say... depends on the kid and the situation.</p>
<p>Best of luck to your son whatever he decides!</p>
<p>Oh, and one other thought. There's no shame in changing course once you set sail. That's why God made transfer applications. :-)</p>