Regents Scholarship

I would like to hear from anyone who might know, how prestigious this scholarship is, really. Does it make any difference in undergrad studies to have it? My daughter got the Regents Scholarship for Berkeley. She was also accepted at UCLA without it, but UCLA and its neighborhood is so much prettier than Berkeley, that I would like to understand why going to Berkeley (as people tell her) would be better for her. Thank you so much in advance for responding to this!