Oh my god. This is just heart breaking for me. I don’t know what to do know. Reapply to better institutions next year and stay back in India?
Wouldn’t that mean that iit is better than even Purdue fo engineering?
Yes, that’s what I think it means.
engineering.nyu.edu/news/2012/05/23/electrical-engineering-ranked-32-world-us-news-and-world-report
Is that inaccurate?
Make the smart choice and go to Purdue. Both my parents work in engineering so I know that Purdue is most certainly a big name in engineering. I have no idea where you are getting the 100+ ranking.
@KrishSC, the short answer is No. I am biased of course but I would put the students of the original 5 IITs on par wit those of MIT/Caltech/Stanford and maybe a few others. My D2, who got into UCB/UMich (rejected from MIT and Stanford) and now at GTech would not have made it to the IITs. So I am pleasantly surprised that you are confident of making it to one and still debating whether to attend. I would strongly advise your doing your undergrad there if you get in… super value education! And if you do well in IIT, all roads (higher studies and jobs) are yours for the asking in the US. There are gazillion success stories of such cases. I did my MBA from HBS, my batchmate from IITB is the Dean of HBS now 
The quality of the IITs has declined since the 80s and 90s which is why I’m pursuing undergrad outside India.
You asked for opinions without financial considerations. If there are indeed financial considerations you have to do what’s best for you and your family.
I am a native NY area person but went to undergraduate and graduate school in the Midwest. I can tell you that over the course of each school year you will spend several thousand dollars more being in NY unless you eat every meal in the dining hall and dont go out. If you ever move out of NYU dorms you will spend 5 times what housing costs in West Lafayette. You may want to call or email Purdue and ask about work study. This could be worth a few thousand a year.
The one thing you have not mentioned is the whether the campus experience you will get at Purdue is worth anything to you. NYU has a huge commuter population and not much of a campus life. That is something you have to consider. Purdue has a vibrant campus and lots going on.
What are the terms of the NYU offer? Is there any risk the money goes away after the first year? NYU’s reputation is very bad with financial aid and scholarships.
No the money is guaranteed for the four years.
Completely unstipulated?
There’s a gpa requirement of 2 which I think is pretty manageable.
A 2.0 is all? Seriously?
That’s what it says for me.
@KrishSC. I live in Brooklyn and while I would not say NYU Poly has a glorious reputation exceeding that of Purdue engineering, it does not deserve to be bashed, in my opinion.
Plenty of smart kids from NYC who can’t afford to go away, or whose families would like to keep them close to home, consider it to be a good option. (Which does mean there are a lot of commuter students.) And there is a lot going on in Brooklyn. Maybe not on the NYU Poly “campus” if you want to call it that, but in many parts of Brooklyn, including near Poly, there are many places to eat, see music, etc. When people come to visit me from other parts of the US, they don’t want to go to Manhattan… trust me, they want to go all around Brooklyn and see what the hype is all about.
Since you got a nice scholarship and money is an issue for you, and since you are planning for grad school, I think the biggest consideration is, as another has suggested, admission to grad school from Poly.
BTW, what about Umass Amherst w/honors? Why did you discard that option? Not shiny enough? Just curious.
KrisSC, I second Novadad, you must be delusional if you think NYU is better than IIT.
I’m surprised he didn’t apply to UIUC, which beats both Purdue and NYU in engineering
International parent here. I have not heard of Purdue University until my relative (government official] was sponsored by the government to study a master course in civil engineering at Purdue. I guess the engineering school must be very good otherwise he would not have been fully sponsored and taking full pay.
Don’t believe CC patents, google top graduate engineering, I think Purdue is in there.
If you believe new faculty and better facilities make for a better engineering school, that would make University of Alabama one of the best. They have hired some esteemed faculty, and their new engineering complex is second to none. Should we now consider Alabama better than Purdue?
But of course. Roll Tide!