I got into MIT and the University of Michigan (out-of-state). In total, I'm getting like 25,000 in merit aid (including 20k from LSA) per year, bringing the bill down to about 20k per year--before I factor in my savings, work-study, etc. Though I haven't seen the aid statement from MIT, I doubt I'm getting much. Let's just say it will cost me 40k per year. I'm going to visit MIT for a weekend (apparently, it's a big deal and a lot of other admits come). Michigan has a great undergrad math program (295-396, etc.), while MIT is MIT. I have a bunch of family in Michigan. My friends think I am crazy for wanting to go to Michigan, while my family thinks I am crazy for wanting to go to a school that would require borrowing. As of now, I am planning on going to grad school, so I really don't want to be burdened with debt (it will compound quickly). To be honest, I think I'd be very happy at both schools, but possibly slightly happier (not worth $20,000 per year) at MIT. Anyone face a similar decision? Any thoughts?