[RMiller]

One thing to consider, how well does the school/major support co-ops in particular and internships to a lesser extent? This is if you are planning to go into non-research industry (thus a bachelors) vs teaching/research (thus a PhD).
Why is this important? Work experience can give you a leg up on your competition for the first job out of college. The more work experience, the better (within reason). If you university supports the the co-oping, it is a big help.
My story: I went to University of Minnesota - Twin Cities for undergrad in chemical engineering. I did a summer program/part-time in the school year with 3M company after my first year and a co-op with Dow Chemical (three terms). Needless to say, the resume looked really good with that amount of work experience. However, the U of M did not have the best support for co-ops in terms of timing of classes. It worked, but it left me with a final semester of two credits. Not the worst thing in the world, but not the most ideal either.
I have no clue on Rutgers. From what I know of Purdue, it is very good, but I don't know if that is every engineering major or even still true.