MissClaire

If you have the means to afford it, I would go with the better known school. But it also depends on which field you're in. If you're not going to be making a lot coming out of the program, it may not be worth it to spend so much on that degree. In the end, you can pay a small/reasonable loan back, but you will never be able to buy that recognition from the better known school.

Yes, they have a rolling deadline. It may be a good or bad thing that you haven't gotten a rejection mail yet. Hopefully you will find out soon.