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I see these schools as quite different.
First, Columbia is considerably hardrer to get into. That would be a key factor for many.
Penn is a much more social school, a 'party ivy'. Columbia attracts more wouldbe intellectuals who want the core. Penn's campus lets you forget you're in Philly if you stay within. At Columbia I never lose the feel of urban grit. NYC is the much better location if you will use and enjot the city.
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