I'm in the exact same situation as your friend, and I decided to take the money.
I've gotten accepted to BU, SIS, CIPA, and others, and CIPA's offered me the most. SIS offered me 6 credits of tuition remission, but since I'd be doing a dual degree program, I'd have to add another year of tuition plus the costs of the other program. CIPA, on the other hand, offered me 30k/year and a potential job during the school year (which is really rare). I also have loans left over from my undergrad, so trying to minimize gradschool debt is really important to me.