Among those schools, all will result in good and equivalent employment options as long as he gets good grades and takes advantage of the opportunities ahead of him. What you are buying with the differential in money is a different experience. That is a nice luxury, because the student starts on the path they feel most comfortable on.
If you can swing it without leaving him leveraged, without compromising your retirement, and without limiting the siblings, it would be a wonderful gift for him.
Where things get murky is when families feel like they have to take more drastic measures, because they feel like their students will have better careers if they do. The leverage is then a huge drag on their financial success.
Engineering is pretty egalitarian out of the gate and then almost exclusively meritocratic after that. The doers rise, and there’s little correlation to where they went to undergrad.
Our son was fortunate to land at an exciting startup of seasoned industry veterans. He was the first new grad hired. From there he was recruited to a FAANG company (would that be MAANA now? ). At both, he worked with some of the sharpest engineers on the planet. There’s no consistency in where they trained. They got jobs, proved themselves, and moved up the ranks.
So, if you can make it happen, it would be very special for him. It’s what we did for our son. That said, I’m sure he’ll thrive wherever he lands.
Congrats on his options and achievements.