PART 2:
Meanwhile, a lot of lower ranked schools will give you aid and free rides - just be careful that the free ride is not contingent on you making a GPA that, statistically, is only obtained by 20% of the class (or something ~fraudulent like that).
Of course, if you can get a free ride to a top school - take it!
2) What is the job market like for a Patent Attorney. I have friends in law school who are having trouble finding jobs but keep on stressing patent law is much different and the career is very much in demand. My pet peeve is collecting all these student loans and then falling back on my engineering degree.
When I called headhunters to find my last position (roughly 1-4 years ago), they told me they had been working in this business for 60 years and never seen the market as bad as it is now. I see lots and lots of attorneys finding part-time, "find your own clients", contract-based, and/or low-salary positions. I have a couple of friends who work at fancy firms. One of them quit his first firm and switched to Fish, because the other firm didn't have enough work - even after it had fired many of his friends. The other friend seems to do well enough, although he knows far more about federal procedure than patent law - he's the exception to the rule. For every friend like him, I know about 2 others that are struggling or unhappy.
My pet peeve is collecting all these student loans and then falling back on my engineering degree.
I advise you not to accept any student loans at all. Go to school part time and/or accept scholarships sufficient to pay for your education. Take a compromise in school pedigree if it helps. You'd much rather be a patent attorney with zero debt and a degree from Tier-3-School than a patent attorney with a degree from Virginia and $150,000 in debt.
3) Will my unique undergrad degree hurt me, or will it help that it is a engineering/business hyrbrid?
It will hurt compared to electrical engineers and computer engineers, etc., in finding a job.
On the flip side, once you demonstrate that you're technically strong enough to do good work, nobody will care about your degree at all. Administrative patent judges, Federal Circuit judges, and Supreme Court judges all make the most important decisions about patent law in the country, and they are all technical generalists - Supreme Court justices have no technical expertise at all. Generally speaking, you only need to be as good as they are. Most patent attorneys work on such a wide variety of technologies that their technical background contributes very little to their work product, especially since most patent documents describe ideas that have not been reduced to practice in any real world, engineering sense.
One exception: drafting applications requires technical savvy. Ironically, most SCOTUS justices probably cannot compare to a good application drafter.If you like patent law enough to know the issues, develop experience, write articles for blogs, trade publications, and journals, etc. - you can more than overcome your degree. Tom Goldstein argued KSR before the Supreme Court, and regularly lectures on patent law, but has a law degree from American and a non-technical degree from Chapel Hill.
4) How will my work experience benefit me? Its diverse but not specialized. Is it a negative or plus to work a couple of years before going to law school? Will I be behind those going straight from undergrad?
I got the vague impression that work experience helps during on-campus interviews and first-job interviews. But my gut-feeling is not data. What will matter most, by far, are your grades, and your ability to find a good internship/first job and do well there (which can involve a lot of hard work and networking, in addition to grades and school pedigree). Just remember to minimize debt.