I’ve got a high ACT score and an almost perfect GPA and I want to major in engineering (most likely earn a PhD). MIT appears to be the best in the world, but it is very expensive. My family’s expected contribution (EFC) almost covers the tution and fees but my parents aren’t willing to pay the sticker price. University of Michigan and the honors track at Purdue seem to have good programs and both are relatively close to home, but I don’t want to miss out on a great education. Is MIT – or some other great school – worth going way into debt for? I am also considering going to Olin. Tution there is free, but does it compare to MIT?