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Sorry to post another one of these, but sometimes it helps to get an outside perspective...
So May 15th is dangerously close and I still haven't decided on a school. I'm down to two choices: University of Michigan (5K/year scholarship) and Wayne State University (full tuition scholarship). I've already contacted Michigan about the possibility of getting a larger scholarship, but it's looking like they won't be able to let me know before the May 15th deadline. I am a Michigan resident, so tuition for me at U of M would be ~25K/year (with my 5K scholarship), putting me at 100K extra in loans to attend U of M.
Some factors that play into my decision making process...
1. I am very interested in research. Obviously the research opportunities are better at Michigan, but I also have to consider that having hardly any debt would allow me freedom to pursue lower paying research positions.
2. I do think that I would want to specialize (though not sure in which field). Michigan's match list is definitely better, but Wayne matched well the past few years and regularly matches people into highly competitive specialties.
3. My husband works at Wayne. We can still live together if I'm at U of M, but would be commuting to school/work and probably wouldn't see each other quite as much.
4. I really like both Ann Arbor and Detroit, so the location doesn't really matter to me either way.
5. Michigan is straight pass/fail years 1 and 2 and does not rank students those years. Wayne has a pass/fail/honors system and does rank years 1 and 2 (basically, U of M seems less stressful- at least for 1st and 2nd year)
6. The Michigan name does carry weight. I'm just not sure if it's worth 100K?
basically, I'm trying to figure out if 100K is worth it for the added opportunity that a U of M degree would offer me. Coming from a background where we didn't have a lot of extra money, 100K is a really big deal to me, so it's hard to put in to perspective how much it will matter down the road.
Any thoughts would be appreciated. Thanks!
So May 15th is dangerously close and I still haven't decided on a school. I'm down to two choices: University of Michigan (5K/year scholarship) and Wayne State University (full tuition scholarship). I've already contacted Michigan about the possibility of getting a larger scholarship, but it's looking like they won't be able to let me know before the May 15th deadline. I am a Michigan resident, so tuition for me at U of M would be ~25K/year (with my 5K scholarship), putting me at 100K extra in loans to attend U of M.
Some factors that play into my decision making process...
1. I am very interested in research. Obviously the research opportunities are better at Michigan, but I also have to consider that having hardly any debt would allow me freedom to pursue lower paying research positions.
2. I do think that I would want to specialize (though not sure in which field). Michigan's match list is definitely better, but Wayne matched well the past few years and regularly matches people into highly competitive specialties.
3. My husband works at Wayne. We can still live together if I'm at U of M, but would be commuting to school/work and probably wouldn't see each other quite as much.
4. I really like both Ann Arbor and Detroit, so the location doesn't really matter to me either way.
5. Michigan is straight pass/fail years 1 and 2 and does not rank students those years. Wayne has a pass/fail/honors system and does rank years 1 and 2 (basically, U of M seems less stressful- at least for 1st and 2nd year)
6. The Michigan name does carry weight. I'm just not sure if it's worth 100K?
basically, I'm trying to figure out if 100K is worth it for the added opportunity that a U of M degree would offer me. Coming from a background where we didn't have a lot of extra money, 100K is a really big deal to me, so it's hard to put in to perspective how much it will matter down the road.
Any thoughts would be appreciated. Thanks!