I think Mines has lowered the scholarships over the years.
My son went to Alabama. Purdue was initially his #1 and they offered merit but after he visited Bama with friends during Senior year (you had to do a job shadow or college visit and some friends invited him) - he fell in love with the Honors dorm. He’s a germ phobe and you get your own room with shared bathroom with one other. At Purdue, at the time, he was fearful they’d have him a few miles off campus in an apartment. It worked out ok - he had 20 interviews and 5 offers by Christmas with his internship company coming through later - but again, he was Meche, not Civil.
Mines was third (I think) - he says it was. I’m not sure if he really wanted to see it - but we combined it with a ski trip to Snow Mass
It was a super neat campus and downtown golden was kind of cool. They had a student panel - and I wish my kid listened to them. They said - don’t take AP on the engineering type classes (math, physics). Take them again. My kid didn’t listen and WD’d calc two his first semester although he said it was the professor, not the rigor. But the Mines students noted how difficult it is there.
Having money in the bank is always a good thing in my mind.
The truth is - nobody knows what’s the right school. The kids do their best - to find the one that feels best - but they may get to that fit and have a bad roommate or professor or hate the dining hall food. Or maybe there’s noise in the dorms. Or they get lonely.
At the same time, they might go somewhere they didn’t want to (due to money or their only acceptance) - and in four years, look back not envisioning themselves anywhere else.
One doesn’t know - but it sounds like your kid has a peer pressure thing.
Mine was the other way - I was pushing Purdue and he was like no thanks - and telling me all the ranking was hype and not real - and in his case, it’s true as he interned with Georgia Tech people (and got an invite back, they didn’t) and works now with Michigan, Washington, CWRU and more - but also schools like Western Michigan, Utah, etc. But that’s MechE - I can’t speak for civil, etc.
But in general, why would anyone want debt if they don’t need it?
I’m very debt conscious and risk averse. Others don’t agree. But I think - if the government only allows the student to borrow $27K - well there must be a reason!!
Hopefully CPP wows him and your problems go away!!!