Need help making a BIG decision. Please...

[JE3146]

Backstory - I'm in college. I got delayed a year at school due to an advising screwup. (IE. I was missing 1 class going into Senior Design, and they wouldn't let me continue without that 1 class). So I'm doing 2 terms this year to complete that one class and basically finish up everything else except 3 senior classes and the 3 senior design classes, which I will do next year part time at 6 credit hours per term for 3 terms.

That leaves a gap during spring term of this year.

I belong to an Internship Program that grants students internships. They are 6 month internships. I have completed 1 of these internships, and we are allowed and required 2 total.

Option A: Take a 2nd Junior level internship to fill the gap this year. It would go from Spring 09 through Summer for 6 months. I would make ~ 17 to 20$ an hour and be guaranteed a job for 6 months. This will require getting approval through a formal meeting.

Option B: Decline the second Junior Internship. Finish the 2 terms this year. Finish the 3 terms next year. Graduate, then do a Senior Internship from Summer 2010 through Fall 2010. I would make ~20 to 24$ an hour and be guaranteed a job for 6 months, as well as possibly having the option to continue working there after the internship is over, as I'll be graduated and needing a job.

The dilemma: I'm getting married this coming summer. This was planned into the works before I got screwed by my advisor, so the delay was a serious setback. The income from Option A would be seriously beneficial to the wedding as it'd be happening before the wedding.

Another thing to consider is the gap between Spring 09 and Fall 09 will trigger me to have to pay loans back at about 150$ a month or so. This will happen regardless of which option I take. That's about 900$ of expenses.

Another dilemma is car payments/phone/insurance... That is until student loans kick back in in the fall.

All this can be paid with a decent paying job (~10$ an hour), but I would NEED a job or... well lets just say I'd need a job... and with the economy in it's current position makes me worried.



So... to recap.

2nd Junior Internship
Take the safe route. Earn less money, make payments, help pay for the wedding. Leaves myself open after graduation for any company I might meet during Senior year. But I'd have to get approval prior to taking this option.

1st Senior Internship
Take the risky route. Earn more money later that could be put towards a house. Earn better experience for resume material. Possibly have the option of it leading to a full time employment in a rough economy. Possibly less budget for the wedding or a smaller honeymoon.


Please offer some advice..... I see benefits and serious flaws with both options


EDIT TO ADD: I'm in Computer Engineering. Forgot to even add my major.