<p>Most studies show that those who are accepted to elite schools but go elsewhere tend to do as well as their peers who went on to these schools. Yes, a CMU Computer science major is more likely to do well than, say a State U major when you look at the numbers that so define success, but how many of those State U grads can say they applied to CMU and were accepted? So it is with just about every discipline. </p>
<p>IMO the resources at CMU and the peer brainpower would be awesome. But is it worth $100K right up front? That’s the $100K question. Bear in mind that it won’t just be $100K owed, as interest starts cranking on the loans as soon as the funds are disbursed and these loans are not great bargains in the interest rates. Not at all in this low interest climate. Also do understand that costs go up every single year, and anyone with any sense will tell you to expect the same for future years. You need to borrow $25K freshman year, it’s likely more will be needed for later years. Any emergencies come up, and they will, root canals needed, eye glasses, medical issues, need to come home urgently, etc, etc. and it will cost money. </p>
<p>That said, CMU does do well giving their students on campus employment and cheap off campus housing is available and a common option among upperclassmen. There are certainly benefits being at the very best program with the very best resources and brain power. You need to decide if it’s worth the cost.</p>