Vishvas Vasuki wrote:
As I have no clue about the hourly flight-training-fuel-costs and
instructor charges if I were to use the university's flying club, I cannot
compare the prices directly using arithmetic.

in addition to the good points made by the other contributors, a couple of
things to consider:

- how many aircraft each places has, and how is maintenance done? if you
have to cancel lesson after lesson because the one and only trainer that
you can fly is unavailable, you'll find that your training is going to take
a lot more time and $$$ to complete;

- have you talked with the instructors? one good instructor with whom you
get along and who is efficient -- and available!.. same issue as above --
can make a much bigger difference in the overall cost of your training
than just the rental rate...

- what are the policies of these two places regarding renting aircraft for
several days, what kind of more advanced aircraft do they offer? you
won't be a student for ever, and will eventually want to progress to
faster, fancier machines and undertake more ambitious flights; can the
club/fbo you are considering make this possible or will you have to
find another place (where you'll have to spend some time being checked
out -- which can take a while for newly minted pilots)

--Sylvain