<p>The scholarship sounds too good to be true.
I would strongly suggest NOT to go U of Iowa. CC->University of Illinois (any campus) would be a much wiser financial decision.
Plus, you get to stay at your parents’ fancy home.</p>
<p>You can also look and see if you can get into colleges that will give you sufficient merit scholarships.
I agree the scholarship sounds a bit too good to be true - check it again and make sure it’s not a one-time deal or that there isn’t another catch.</p>