$200K in loans for an MBA at Columbia, Booth, or NYU—versus full tuition plus stipend from Harvard MPP, Columbia MPA, and Stanford MPP (funded by the external foundation)

My goal is to work in investment, corporate, retail, or commercial banking. An MBA would require taking out a $200,000 loan, whereas attending a policy school offers me a tuition waiver and a stipend (I have external funding from the foundation - not from these schools). Will I still have a shot at banking recruitment from policy schools? PS There is an opportunity to specialize in Economics and Finance during MPP/MPA programs. 

I know MBA is a decent way of getting into banking, but I have even seen some undergrads with history/English majors entering banking from Ivies. What do you guys think? 

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