Dear ***,
It is really my pleasure to learn that I have been offered admission to the MBA program at *** School of Business & Management. While unfortunately, after carefully consideration, I determine to accept the offer of admission from another University, which offered me full scholarship.
So, I am sorry to say that I have to decline the offer of admission from *** with deep regret. I know it may come as a disappointment to you, but it is really hard for me to make a decision between these excellent universities. MBA program at *** is widely recognized as one of the most diverse and active program in the world, and I am very sorry to decline the chance to study here. Please accept my deep appreciation for your generosity.
Sincerely yours,
***
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