Choosing CDs over a 40 year period is irrational. That conclusion is based on a fundamental misunderstanding equating volatility and safety. They are both material, but VERY different. The 40 year time frame mitigates the volatility. Safety comes through diversification. If you invest your retirement in CDs based on your current understanding, be prepared to work a LONG time.
Back to the schools, there’s no doubt that something at GT might be better than FL. Conversely, there might be things better at FL. My contention is simply that, on a financial basis, GT is not worth the cost difference. Choosing to spend the extra buys experience, like paying for a gap year, not guaranteed future earnings, especially when considering what the money could be doing otherwise.
Digging into the specifics, GT’s latest reported data showed just under 80% of engineering graduates had a job at graduation. U of F, just under 80%. Average early salary (for ME), according to PayScale, right at $70,000, for both.
@SouthFloridaMom9, My dad went to MIT (BS/MS) and my uncle went to Stanford (PhD). Both suggested my son would get a better undergraduate engineering education elsewhere. Two former Caltech/JPL professors told him the same about their school. They based it on two factors, heavy reliance on TAs for undergraduate instruction and an inability to translate theory into practical applications. All of them recommended other schools unless a student knew they were planning on a research career. They ALL raved about the graduate programs. The take home message is this, understand where reputations are made…the graduate programs.
Taking it one step further, one of the Caltech profs, who managed one of the most famous NASA programs ever, said point blank, paraphrased, It doesn’t matter where you go. There’s no correlation between the school and quality of engineer. What does correlate is curiosity and drive. He went on to say that some of the Caltech engineers (“engineers from my school”) he employed were simply average and that some of the best went to schools you’ve never heard of…Podunk U to use his exact phrase. His final words, don’t spend a bunch of money.
That said, my son didn’t choose the cheapest option either. He did though have a very well vetted list of schools that had zero to do with ranking and reputation and a lot of emphasis placed on the undergraduate experience (quality and number of labs, class size, use of TAs, or not, employment outcomes, etc.) and other non-academic qualities important to him.