I was in the same position as you when I was choosing between Columbia MFE and Chicago MSFM with probably the same amount of scholarship as you about 2 months ago. I ended up choosing Chicago's program. I did not apply to MIT's program because I am very determined to study financial engineering and am less interested in general finance and ethics. In your case, since MIT's program has less of a focus on quantitative finance, I would say that this comparison becomes even trickier. Ultimately, you are choosing between two great programs, each with a different focus. Congratulations and Good luck!