SMU Vs Tulane

My son just got in SMU with 100K merit money over 4 years and then got in Tulane ED with 60K merit money
He visited both and liked them both. I am more worried about the Tulane party Scene but I think the academics are supposed to be pretty good
Does anyone have any thought?

Isn’t he committed to Tulane if he did ED? That came out a couple of weeks ago, and SMU came out tonight. You should have pulled the SMU application. Both are great schools.

If he EDed, the question should not be party scene or academics.