Thank you for your opinion! How about UNC? Would it be better to do computational and applied stats at UNC? Another thing is that UNC seems to have smaller stats department, and I am not sure if it's good or bad side. You are right, $11k/year is a lot and PSU pays me more money for less work in the first two years, which is really great. However, if UNC is better in stats and UNC could give me more job opoortunities, I probably choose UNC. But, I heard some people saying that PSU has huge alumini network, leans towards applications, and I can collaborate with CS or EE people as well (eventually, PSU is a great school for engineering). So even after looking at research areas and faculty of these two schools, I am still not really sure.