<p>My son has some incredibly good options, and he's interested in your opinions on how to choose among them. </p>
<p>He'd like to study computer engineering, get a technical graduate degree, work for a few years and then get an MBA. Eventually he'd like to work in top management for a tech company or start his own firm.</p>
<p>He has six acceptances and is currently considering three outstanding offers:</p>
<p>University of Alabama
[ul]
[<em>] Chosen for both the University Fellows Experience and Computer-Based Honors. These programs offer extensive mentoring and grooming for research, awards, prestige scholarships, internships, and grad school.
[</em>] Offered a full-ride-plus scholarship. Could graduate with $85,000 or more in the bank, because parents will save money intended for undergraduate expenses toward graduate study.
[<em>] Dual-enrollment community courses will transfer, so he could easily get a double or triple major. 'Bama will also count the grades he earned in those transfer courses toward his cumulative GPA. By transferring in 60 credit hours of almost straight A's, he'd be almost certain to graduate with a strong GPA.
[</em>] He really liked the people he met and the energy and excitement he felt on campus when he visited.
[li] However, the school isn't highly ranked in engineering.[/li][/ul]</p>
<p>Washington University in St. Louis
[ul]
[<em>] Offered a full-tuition engineering scholarship plus a $5,000 research grant.
[</em>] Could graduate without debt, although without a large sum in the bank.
[<em>] Likes the idea of attending an elite private school and being surrounded by accomplished peers.
[</em>] Cost difference to choose WashU over 'Bama = about $85,000.
[li] Large emphasis on biology/biomedical/pre-med makes him wonder how well he'll fit in; that's not his interest.[/li][/ul]</p>
<p>University of Pennsylvania
[ul]
[<em>] Higher-ranked school, both overall and in engineering; he likes what he's seen on the website about some of the programs offered there, such as a minor in engineering entrepreneurship.
[</em>] Doesn't know the financial aid offer yet, but since Ivys give no merit aid, it's almost certain to be more costly than the other two options. We're guessing he would end up with some debt perhaps as little as $20,000, perhaps more like $60,000.
[<em>] Thinks the recruiting, starting salaries, connections and networking might be superior here compared to the other options.
[</em>] Could take a few business classes at Wharton.
[<em>] Wouldn't automatically have research opportunities, as he would at the other schools.
[</em>] Has heard that the average GPA in engineering is around 3.0, which might rule out graduate school.
[li] Hasn't visited the campus yet, so doesn't know whether he'll like it there.[/li][/ul]</p>
<p>I asked him how he thought people would respond to this post. He laughed and said:</p>
<p>A third of them will say, "You'd be crazy to turn down the University of Pennsylvania! The Ivy League pedigree and the connections you'll make will change your life. The debt will be insignificant in the long run. Go to Penn, and you'll never regret it!"</p>
<p>Another third will say, "You'd be crazy to turn down Washington University! You can get an elite education without paying a penny in tuition. They've already singled you out for special attention and offered to fund your research. And you'll graduate debt-free. Go to WashU, and never look back!"</p>
<p>And the final third will say, "You'd be crazy to turn down the University of Alabama! You'll be a superstar there. You'll win top awards and get into top grad schools. Whatever you want is yours for the asking. You'll graduate at the top of your class, with loads of cash in the bank for graduate school. Go for 'Bama in a heartbeat!"</p>
<p>So, what do you think?</p>