<p>You might also mention to Spellman that you got a generous offer from another school but would prefer to attend a HBCU if it is economically possible. For that matter, you might want to call/email Howard and ask if there is a possibility of them revisiting your aid package to compete with a non HBCU school. Nothing to lose really. But again, I wouldn’t take out $100K in loans when you have a great alternative.</p>