Raptor said:
He said he can go anywhere he wants with his NSF Graduate Research Fellowship.
"The five-year fellowship includes three years of financial support including an annual stipend of $34,000 and a cost of education allowance of $12,000 to the institution."
MIT costs $76k a year and Caltech costs $77k.
He's not going to MIT or Caltech on that "award".
Just as a derail, if you're a NSF GRF recipient its on top of being an RA already. It frees up cash for you to research what you 'want' instead of what the professor has assigned you and is also a scholarship. So you're still on the RA payroll, free tuition, if you got those things. You just now have this extra pot of cash to formally work on what you want. Also its something that makes you sought after from professors if you're looking to start a phd or a post doc.
In all honesty, research at institutions is so expense and universities suck so much money off of grants to fund administration/facilities, 34k+12k+ is a drop in the bucket. This is just to get broke kids a chance to do a preliminary study and come right back for a bigger NSF grant. You aren't doing any engineering on 12k that hasn't already been done before and you better be at a small midwest engineering school to make it rain with 34k.
As a side note, I knew a guy who was on full ride at grad school at A&M with a research stipend of 2,600 a month, had a diversity scholarship of 30k a year, and was doing really nice oil/gas internships for 20-30k over the summer.
Kid was rolling it in as a 23 year old grad student. Funny enough, the professor hated working with kids like that. They were brilliant, but they would leave for the summer, not work on the professors projects and then come back flush with cash. A professor needs their students broke and starving to get their publications up to snuff. The prof's favorite tactic was to either A) threaten to not renew their RA contract if they got some kid to join over the summer and fill their spot. B) not give them access to equipment to do their dissertation or let other kids jump in line on dissertation review.
Academia sucks by the way.