Georgia Tech vs. Michigan (Business)

kmcmom13
Thu, 21 Apr 2011 16:18:52 +0000

price (20k difference)

UMich is awesome and my son loves it. However, it’s worth repeating that spending a cumulative $80,000 or more over 4 years, EVEN for a coveted UMich engineering or ross degree, is not especially savvy financially if you’ve been accepted to a strong program, which you have.
But that’s relative. If $100,000 is a drop in a bucket for your family; if no one has to raid their 401k or take a line of equity to do it, the fact that you COMMENTED about the social life and gender mix tells me you might be happier at Michigan.
However, if your parents are just being especially generous, but it will cause them a shred of hardship or even more importantly, cause YOU to take loans in excess of the recommended average of $22,000 - $24,000 over four years, then DON’T DO IT.

That said, if you can afford it, you really want to make the visit ASAP because exams are over next Thursday and dorms close Friday morning at 11 a.m. and you will not get the same feel for an empty campus. As it is, the vibe is way different during exams, especially at the college of engineering.

Best wishes in your decision. You do have two great choices, so congrats on your accomplishment!