The discussion centers on choosing between Stevens Institute of Technology and NYU for a physics major. While Stevens is noted for its engineering programs, questions arise about its strength in physics. NYU is mentioned as having a vibrant social scene and a strong math department, making it an appealing option despite the higher living costs in New York. Columbia University is referenced as having a stronger physics program than NYU, but the participant acknowledges that admission to Columbia is unlikely. Ultimately, the choice leans towards NYU, especially for those who can commute, as it offers a more engaging experience outside of academics.