At an Ivy League Engineering school
Try to minimize loans by working part-time jobs. That was my approach.
$40K is a lot of debt for someone leaving university, and it will bite into one's cost of living later on, particularly if one wishes to attend graduate school.
Having a MEng degree is good, and better if one masters the material as reflected by high GPA.
you have to go to graduate school after getting an MEng? I thought it was equivalent to a masters degree, i.e unless going into research or academia it would be fully sufficient for working as a professional engineer?
No, he thought you were talking about a BS in ME. A master's of engineering is a graduate degree. That said, you aren't able to obtain any funding for your degree? TAing, RAing, anything?
An MEng is quite sufficient for working as a professional engineer. What type of engineering will your degree be in?
Its Mechanical/Aeronautical. I wanna work for NASA someday:)
Yeah I do get some funding but my estimations show I have to borrow that much unless parents pay up, which isnt a nice thing to ask i guess:P
What about tuition waivers for TAing or RAing? Those usually come with a small stipend and benefits. $40k is a very large amount of debt. Do you have any debt from your undergraduate schooling?
Truth be told, I don't think it's worth $40k just to get a MEng from an Ivy League institution. You'll get the same jobs and a very similar salary by going to good public school. And the salary difference will be made up by not being $40k in debt!
No that money includes undergrad+grad. Does the deal get better?:P i read on the NYT that its quite normal for professional degrees students to graduate with 80-90k in debt (undergrad+grad) nowadays?
And wont the Ivy League label give more perks
Oh and thanks, your responses are really useful and informative. Appreciate it:)