To put #2 (sticker shock) in perspective here is a list of the total cost & a break out of just tuition cost for the top 10 fulltime 2 year MBA programs:
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Stanford Total cost = $226,000 Just Tuition for 2 years = $137,800
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NYU $221,000 & $138,200
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Penn-Wharton $219,000 & $153,200
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Harvard $213,600 & $137,600
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Columbia $209,500 & $144,000
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Dartmouth-Tuck $208,300 & $138,000
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Chicago–Booth $207,600 & $138,400
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MIT $201,100 & $142,000
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Northwestern-Kellogg $200,500 & $138,000
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UCLA- Anderson $194,240 & $117,200
Additionally, as full time programs, one would sacrifice up to two years of salary.
Of course, students from these programs usually get signing bonuses of $25,000-$35,000 plus very lucrative 10 week summer internships (often at over $3,000 per week for IB & MC gigs) plus great job offers starting in the $175,000-$200,000 range for the first year including base salary, signing bonus & year end bonus. Some also receive tuition reimbursement for their second year tuition at these elite full time MBA schools.