I would totally avoid ANY loan.
If you have the money go for it. Or if you have someone else to give you the money...
Nowhere is going to give you a ticket fo any success... It is just your self and your work!
Easy equation: a) finish your MFA in golden school, then get a job to pay 100,000$ - 150.000$ back. Forget about having a studio and even time to focus in your work.
b ) zero debt. Studio, and time to make work... no need to pay back anything.
Same story all the time! Go where your clue tells you to go. But don't let 2 years give you 10 of headaches!
IF someone is giving you a full ride is because they want you: and they will treat you well.
That's my right brain opinion and previous experience w grad school .... And what I see on my own peers...
Good luck!