Ok. So we are trying to make a decision between the following scenarios for our son
1) UChicago - Full Pay
2) Top 10 Engineering State School - Full Pay
3) Lower tier Engineering Schools - Full Ride
Son wants to do Bachelors in STEM and most probably an MBA. Right now he is eyeing a career in either Finance, Consulting or Hi-Tech. Also looking at Entrepreneurship.
Here is a list of his and our concerns
1) Will his GPA get destroyed thereby ruining chances for top flight MBA school if he attends UChicago, given the caliber of students, academic rigor and a rigorous STEM department like Physics, Chemistry, Math etc. On a related note, will he have to be buried in books 80 hours a week to get a 3.5+ GPA at UChicago? That is what it takes to be a competitive Grad school applicant to the top MBA programs
2) Is it better to be a big fish in a small pond, get a great GPA at a lower tiered school, work for a "decent" but not "prestigious corporate brand name" and then try and get an MBA from a top business school
3) Given that he can earn as much coming out as an engineer from a top ranked state school does it make sense to spend so much money on an undergraduate degree at Chicago.
4) If he attends UChicago and our financial situation changes because of job loss or some such thing, will the school adjust our EFC? We can afford to pay full sticker price now, but not sure if we can for all four years.
How should we approach this decision? Thoughts/Suggestions?
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