In that case I’m not sure.
First, Illinois public universities are under tremendous stress due to the state’s finances. while uic is unlikely to close like has happened to others, it’s not stable and the student experience is being impacted. Second, look at the conditions for your full ride - Many students have discovered, too late, that these conditions make it almost impossible to keep the scholarship. Third, cmc really is in another class for economics /finance and will open doors uic won’t.
50k IS a LOT of debt but in your case it might be warranted.
However, if you got into cmc, don’t you have other, intermediate possibilities - not full ride but not so much debt ?