Just go for the title with engineering in it. Pays more. :]
Good site to browse through when looking for tech jobs/internships - http://www.glassdoor.com/index.htm . It will also show you pay for certain job titles at different companies. If you want to base your decision on pay.
IMO, just do what you like. And you can only figure that out by trying different things out (course-work, internships, etc).
PS. AFAIK... Developer/Engineer jobs are generally synonymous in most ways. Jobs with the word engineering typically require people with an engineering background; however, an engineer can do a developer's job, but not always vice versa.