The factors to take into consideration are the expertise you bring to each of these projects, other folks that can do something similar, how quickly do you need

The factors to take into consideration are the expertise you bring to each of these projects, other folks that can do something similar, how quickly do you need to complete these projects, are these one-off's or is there a potential for on-going consulting, how badly do you need the money from these gigs, how much will you learn from these 2 gigs, can you use what you learn to market yourself for other similar gigs, etc.? Since you are just out of college and you have probably not negotiated consulting rates, assign what you think is a fair hourly rate for each of these projects and then double it -- that should be the rate you could look at charging. Once you gather enough expertise, and can showcase clients & portfolio, double your rates again. good luck!