Tony Stark was intimidating - at least for Ned. It was meeting someone you heard a lot about and knew was really smart and you wanted to impress them, but also not come off as trying to impress them so they wouldn't be annoyed with you.
It was complicated.
"Yeah. I mean, that's the goal? I don't know about schools. I mean, the obvious choice is MIT, but that's far away from here and if Peter plans to stay here, I want to too."