Typical dilemma: HEC ($) vs INSEAD

I got admitted to both HEC Paris (with a small scholarship) and INSEAD (Fontainebleau campus in France). Classes will start on January 2021. I'm 31, based in Italy with a legal background in capital markets/M&A and want to transition to Private Equity in Europe (or consultancy/investment banking as an intermediate step towards private equity).

I'm trying to decide between the two. My analysis:

HEC Paris:
Duration: 16 months, with a summer internship opportunity
Cost of Attendance: €72,000 total tuition for a 16-month program, minus a €10,000 scholarship. Have to pay living expenses for 16 months .
+ As a 16 months program, HEC could provide greater flexibilty for a horizontal career boost

INSEAD:
Duration: 10 months (1 year), with a summer internship opportunity.
Cost of Attendance: €89,000 total tuition for a 10-month program, with no scholarship. Have to pay living expenses for 1 year.
+ INSEAD has excellent reputation for placing students in consultancy / good reputation for placing in private equity


Risk: obviously COVID-19 might make attending both HEC and INSEAD challenging during 2021. This risk is bigger for a 1 year program vs 2 year program.

I would appreciate to hear your point of view.