Hmm.
So, I've applied to six programs, and so far I've been accepted to two of them (rejected at one, wait-listed at two, and still waiting to hear from another). Right now, both of the schools to which I've been accepted are putting some serious pressure on me to accept their offers. While I do plan to wait a little longer, to hear back from some of the other programs, before I make a final decision, I'm torn when it comes to deciding between the two schools to which I have been accepted. You know, just so I can tell them something in the meantime, or start making preparations early in case I don't get any good news back from any of the other programs. Perhaps some of you guys might give me some advice?
The program at School X is a really great fit and matches up very well with most of my research interests. One of my interests is Native American linguistics, and the location is perfect for studying Native American languages, since it's really close to several communities where these languages are spoken frequently. The faculty here is very impressive, and I'd enjoy and be honored to work with them. They've offered me a four year waiver of tuition and fees, in addition to health insurance. They're also offering two semesters of assistantship with a fair stipend.
The program at School Y isn't as good of a fit, but I think I could make it work. The big things at this school are computational linguistics (which isn't really my thing) and African linguistics, which could be interesting, but it's not one of my major research interests. Sure, I think I could make it work, but if I end up choosing this school over the other, I have a feeling I'd regret passing up the opportunity to go to the school where I could focus on what I'm really interested in. Now, the catch with this school is that they're offering me a very impressive five year fellowship, including health insurance, tuition/fee waivers, and a very comfortable stipend.
If the two schools were offering nearly-identical funding, I'd definitely choose X over Y. But I don't want to have to take out a bunch of extra loans to afford living costs at X... and I'm not just supporting myself - I've got kids. Ha, if it were just me, I'd be happy to scrape by in a studio apartment to make it work, or live in a box under the overpass, or something, if I had to. Choosing Y, I wouldn't have the same opportunity to work on what I'm really interested in (although again, I could travel for field work, but none of the faculty there are really focused on Native American linguistics). On the other hand, the fellowship is prestigious, and would provide an okay living for five years.
Thoughts?