bb OP is from India it seems and will need work visa sponsorship so the consideration set of companies is limited for them. I am not sure about Pinterest and Shopify that you mentioned, but I'd think they hire only in small numbers per school even if they do sponsor work visas.
Tech recruiting this year is pretty hard and the trickle effect is also being seen in Consulting recruiting as a lot of people who planned on Tech recruiting for the summer role have pivoted to Consulting (so a double whammy of greater applicants and fewer spots). The reason is that companies do not have visibility into how many interns they need.
With all this in mind, I'd just choose the best school the OP has gotten into regardless of scholarship money (unless it was 100% tuition scholarship vs. none at another school). Even if the economic situation was healthy, I'd still not take the myopic view of an additional $80K in attendance cost because spread over 5 years it's really $20K per annum (incl. interest as well). Compared to the base pay of $170K+ per annum that top post-MBA jobs pay, the additional cost does not look like a deterrent. Also keep in mind that total pay is often $200K+ pre-tax after you include performance bonus (I'm already ignoring joining bonus which is only one time thing).
gurha: what you need to sense check is evaluate your pre-MBA work experience that will play a crucial role in getting you interview invites for these top post-MBA jobs that I mention. If you feel, your profile is not the top quartile of the cohort, then you might want to think about taking the money. By this I mean brand names on your resume and the quality of stories you can tell in the company networking sessions and interviews.