The only case where it might make sense is if you were an Asian discriminated against by top schools and are PhD caliber, but your undergrad "brand" is insufficient to get you there. Still, it is better to go to a funded research masters that is a rung lower.
Accurate.
Some of the posts here basically say something like, if you want to get a job doing xyz, then here’s a cheaper path toward that goal. But a MAPPS student might not want to be a banker, data scientist, or whatever it is that you aspire to. S/he may like studying whatever and be able to afford the price of a Chicago education.
Also accurate.