Is CMU worth the high cost?

kaukauna
Thu, 30 Mar 2017 12:50:01 +0000

InfiniteLibrary, In the case of a cost differential I’ve always been a proponent of going to the flagship State school over the prestigious private if two things are present: 1) the flagship is considered among the “top” State universities, and 2) the program to be pursued at the State flagship is excellent. UIUC seems to meet these two criteria. What makes this analysis a little tougher a couple of things. First your family would still be paying $50k / year at UIUC. Second, and this is opinion, I believe CMU is on the rise in your area of interest and I would be worried about UIUC programs and funding given the terrible financial situation in the State of Illinois. Given these two factors it is almost a wash to me but if I were the parent here I would go with CMU if I thought my student could really benefit and if I believed the student was really motivated to do well and to take advantage of the situation. The fact that you’ve been admitted to such a competitive program is prima facie evidence that you are indeed highly motivated. Bottom line for me: slight edge to CMU if you really like it.

Maybe you can offer to help your parents and get some skin in the game at the same time by helping to finance that difference, at least partially, through loans of $4-5 K / year (which is not unreasonable in this major) and also by contributing a significant portion of summer earnings. Also do everything you can to seek outside scholarships now and all the way through your 4 years.

Good luck to you.