"But even more importantly, what could you contribute to the school?"
I couldn't believe my eyes. Is this something derived from the much quoted passage by J.F.Kennedy? The statement does not express a relationship between the busienss school and the MBA student. The funny "what could you contribute to the school" implies that the school is the master or the deity, the student, the servant or the votary.
To the free man in the free market, the school is a choice that the student make to get what he want by paying the tuition, not something over and above him. He is proud of the alumni and the school tradition. But he regards the school as a mean, a service, a way to invest on himself, not a god to be blindly to whoshipped and served.