<p>i’m gonna present a contrary view compared to all the above posters.</p>
<p>prestige matters not necessarily due to whether you can get into a certain PhD program, but what sort of network/connections you make with the students, faculty, etc. there. </p>
<p>now here is the caveat: how ambitious are you? i ask this because if someone is very ambitious, then they need to go to a school where the best and brightest congregate and will usually end up successful (and more importantly, helpful to your goals and ends). that is why ppl at harvard pay the cash. yes, some go for the name, but the real smart ones know that the connections are more than its weight in gold. and so, if you are a complete recluse, then even going to harvard doesn’t really matter. so i have to give tell u that this doesn’t work for anyone, esp. those who are anti-social.</p>
<p>if you’re not so ambitious (or won’t be in a career that is gonna make you enough money), then money can play a role in deciding. you’re well enough off that money shouldn’t be the breaking factor between one school or another. trust me on this, cause your family isn’t deemed to be under the federal poverty line.</p>
<p>so what would i advise you to do? go to the school with the best programs overall. i say this if you ever decide to switch majors or so on and find out that the school your at now has a great econ dept but you now hate econ, and you wanna do art hist but the art hist is a dump dept. it happens. be best prepared for these situations, cause those who are are usually successful in life. if you can find a school with a strong dept of interest and broad strength in other areas, e.g. hard sciences, humanities, then that’s the school i would go to. like i said before, prestige matters (to a degree, so be careful), but look at the overall pic</p>
<p>so to sum it up: look for overall prestige (usu tells you general quality of students & faculty), then strength of your program of interest (if you still like it when you’re in it), then be worried about cost IF it really would break your back, e.g. you have 2 full-time job to take care of your 5 siblings and single mother - this shouldn’t be seen as a joke cause some ppl really have it that tough!</p>
<p>hope this makes sense since i’m just rambling a bit, but i believe, rather confidently, that this is the best approach.</p>