<p>I know somebody who turned down Stanford and chose CU Boulder for engineering—he has no regrets. Undergrads have many opportunities for internships and research at CU too.</p>
<p>Given the financial realities, you would be doing your son a favor to strongly advocate the in state schools. Reputation and starting salary differences are minimal. The only reason to take the loans and go private is a compelling argument from your son. In the end, though, this is a family decision.</p>