Comparing aircraft rentals and training costs.

Hi guys,

I am trying to decide where to rent the plane from for pilot training.
But, being the archetypal pauper grad student, I needed your opinion (and
reasons) on which would be the cheaper option:

Our university's flying club:
Cessna 152 (1978) at 30$/ hr (measured by hobb's meter)
Piper Warrior II PA-28-161 (1979) with a new engine at 35$/hr
fuel charges extra.
instructor charges extra. (I can engage any instructor I choose.)
Membership costs: (I become the co-owner of the planes, as long as I am a
member.)
One time initiation fee of $300
Monthly membership fee is $35

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Another flying club near-by:
Instructor charges (dual flying and ground training): 50$/hr Discounted
rental rates include fuel and oil.
Cessna 152 (1983) Rate: $79.00/hr
Piper PA28-161 Warrior II (1983) Rate: $89.00/hr

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. Can someone give me an
estimate on these costs too, please?

Also, how much time might I need to spend reading books to pass the
examination?

Sincerely,
Vishvas Vasuki