I applied to 8 schools, got interviews with 4 and accepted at 3. One highly ranked school ( a ) that is insanely expensive and offers very little funding, one middle tier program ( b ) that offers exceptional funding (100% tuition, health insurance, and living stipend for three years), and another highly ranked program ( c ) that rejected me but offered admission into their low residency program run at a different institution. I had pretty much decided to take the amazing funding from the second school, when I got a flurry of emails from the dgs and deans office saying that the state legislature had cut their budget severely and they were retracting their entire funding offer. They said I could defer until next year and see if funding is available, but they don't know how likely that will be (outlook is bleak).
Am I crazy if I turn down all three offers and try again next year? I would love to attend school ( a ) but I really can't imagine going $100,000+ in debt at this point in my life. I don't want to do a low residency program, and waiting around for school ( b ) may not pan out.
Anyone else in a similar situation of having offers and considering turning them all down?
