Thank you for your replies. I should clarify that I didn't apply to Ross. I was accepted into the online MBA program from University of Michigan - Dearborn. Having said that, do you still agree that it's worth the extra money for a highly ranked school? Would you choose Arizona State (ranked 27th) over Auburn or Nebraska (who are not ranked)?
Well I guess I'll add my two cents here. I do think, depending on your goals, that it is worth the cost to attend a higher ranked school. It isn't just that Arizona is higher ranked, but that they have moved up the rankings over the past five years. This doesn't mean that they will continue to do so, but it is a good sign to me. Of course this begs the question on which rankings you look at. For me, I've noted that in the global rankings of the Financial Times, ASU has moved up in some big areas like overall global rank (#64 in the world), employment 3 months after graduation (89%), and salary percentage increase (96%).
Another big (huge) consideration for me is that the MBA diploma that you get from ASU is exactly the same as if you went there in their full-time program. There is no differentiation. You have the same content, same information, same degree and transcripts. You might look into the other programs you are accepted to in order to see if that is the case with them. I have noticed that some schools give a different diploma. That could make an impact for your resume and hiring options in the future.
Let me know if you decide on ASU as I decided on that school myself. We would be seeing each other for the mandatory orientation in July. I did a ton of research and that was just the best bet. Also, I have had a fantastic experience with their admissions as well as their financial services department. The online set-up that I have now that I'm enrolled is also incredibly easy to use. That speaks volumes to me for an online program. Let me know if you have any specific questions about ASU. Good luck!!