a) Interest free debt that you don't have to even think about for 4.5 years, and even then you only pay back a few hundred bucks a month and if you can't they'll work with you to defer payments or adjust them.
b) No other expenses for the 4 years(rent, food, high speed internet, utilities), nothing to worry about but school and startup.(this is if you live on campus..which you should since your loan can cover housing)
c) Plenty of engineering talent all over the campus who can take a risk with you and even work for free
d) Plenty of people who you can consult for advice(teachers/councilors)
e) Access to alumnis who you can eventually tap for angel level funding
f) No obligation to show up to classes/do homework...yes your grades will suffer(if you mess up on finals), but if you are doing a startup, you don't really need to care about grades, and this way you can be very flexible
And sure you'll end up 40-200K in debt, but so what? Everyone else is in the same situation as you. But unlike them who'll get a job at $40k/yr, you'll have a startup that you had 4 years to grow to profitability. And it doesn't matter what business model you have, in 4 years anyone can get profitable.
a) Interest free debt that you don't have to even think about for 4.5 years, and even then you only pay back a few hundred bucks a month and if you can't they'll work with you to defer payments or adjust them.
b) No other expenses for the 4 years(rent, food, high speed internet, utilities), nothing to worry about but school and startup.(this is if you live on campus..which you should since your loan can cover housing)
c) Plenty of engineering talent all over the campus who can take a risk with you and even work for free
d) Plenty of people who you can consult for advice(teachers/councilors)
e) Access to alumnis who you can eventually tap for angel level funding
f) No obligation to show up to classes/do homework...yes your grades will suffer(if you mess up on finals), but if you are doing a startup, you don't really need to care about grades, and this way you can be very flexible
And sure you'll end up 40-200K in debt, but so what? Everyone else is in the same situation as you. But unlike them who'll get a job at $40k/yr, you'll have a startup that you had 4 years to grow to profitability. And it doesn't matter what business model you have, in 4 years anyone can get profitable.