I have been accepted into BU's Full-Time MBA Program and been awarded a $50,000 per year scholarship (which is almost full tuition).
I have also been accepted into UMASS Isenberg school of management's Full-Time MBA Program and been awarded a fellowship which covers full tuition, insurance and a $10,000 per year stipend.
If I choose BU I am going to need to take out about $50,000 in student loans.
On the other hand, if I choose UMASS, I will only need to take out about $10,000 in student loans.
I know BU's MBA ranks higher than UMASS, but is it worth the extra $40,000 in student loans?
I appreciate any help in making my decision.