I got accepted to Carnegie Mellon as an out-of-state student for mechanical engineering. I also got accepted to the Honors program at University of Florida as an in-state student for mechanical engineering. For CMU, I won't have any financial aid or scholarships, and my family and I can't pay for large portions of the tuition at the time. However, we are willing to take out federal loans and private loans and pay them back over time. For UF, I have lower costs as an in-state student, and I have the Bright Future's Scholarship, which will cover tuition costs. Additionally, I have a 20k scholarship that can be used for dining, housing, etc. At either university I will only be spending 3 years. I'm not currently interested in going for anything past a bachelor's degree until later down the road.
I want to know if attending CMU will be worth skipping out on the financial benefits of UF. I have heard that going to CMU will help with job chances for entry-level positions at places like NASA and SpaceX, and they can pay higher. Also, I feel like the work ethic, opportunities, and people at CMU will make me into a better performing engineer. I'm willing to work hard to maintain myself and save money while trying to pay off loans or saving up to pay them in the future. I'm worried that UF won't offer me the same level of opportunities, and might hurt my chances in comparison when applying for jobs.
If anyone could lend their insight, would you mind giving your own school and loan experience as well? I really want to hear from everyone's perspective. Thank you!
Is CMU worth the student loans for me?
byu/FrisbeeDev inStudentLoans
Posted by FrisbeeDev