My daughter (wrapping up her 2nd year) was in a similar situation. She has 5 years scholarship, but she could have finished one BS (in Comp Science) in just 3 years if she were really determined to do so.
My son will be in a similar situation . . . (also with 5 years scholarship, he’ll start this fall.)
I encourage both of them to make the most of their free education (Dad and I can cover the living expenses/misc no problem), and not to waste any free semesters. There are multitudes of interesting things to learn. Find them!
Another benefit is being able to “take it easy” and not cram in a zillion required courses each term. My daughter has taken about 3 credits of music each semester, just for fun . . . There are also classes on life guarding, EMT skills, sports, arts, etc . . . Explore what is interesting and/or useful to you.
My daughter took on a 2nd major (math, which she really enjoys), which will help her “use up” 4 years for undergrad. She’s also doing a co-op (which doesn’t use any scholarship funds). She’s planning on using her 5th year for her MS (in comp science). If she’d only had 4 years’ money, she’d have probably had to choose between a 2nd major and the MS. . . But, she didn’t have to choose, so she’s doing it all.
My son will likely either use his “extra” semesters for study abroad and/or will do a MS after he’s done with his BS. He’s very interested in study-abroad, so he may well decide to do a full semester or two abroad, maybe even very unrelated to his primary degree program . . . Or maybe he’ll do a second major . . . or lots of music . . . or many practical medical/social sciences type classes he has a lot of time to decide.
I highly encourage you to consider a MS with your 4th year if you don’t have a 2nd major you’re dying to do. There are plenty of options that are just a one year MS. If you apply for the “University Scholars program”, (which you’re a sure fit for given your GPA), you can begin your MS work during your last semesters of undergrad – double counting up to 4 or so courses towards both the BS & MS, making it even easier to get it done in the time allotted.
(Presidential scholarships and similar ARE allowed to be used towards grad programs at UA!)
If you haven’t seriously considered the co-op program, please do!! It’s really an incredible opportunity. Co-op jobs typically pay in the range of 18-20+/hr, so that’s sufficient income to easily cover living expenses plus some, so it doesn’t put you in debt or really cost you anything, and it puts you in a much stronger position when you are applying for a post-degree job.
IMHO, this opportunity for essentially free education is too priceless to throw away. Unless you have really good reason (dire financial situation that getting to work early would change . . . or a baby on the way, or similar), I’d find something valuable to do with the extra time.
Some other random ideas that I’ve seen my daughter’s classmates choose . . . A MechE major is adding a Comp Sci minor . . . Comp Engr major adding a math major . . . A ChemE major adding an Art minor. An Env Sci major taking zillions of classes in Chinese (presumably at least a minor). Double majors in one $ earning (ENGR) field and one fun field . . . etc . . . Lots of ways to go about using this wonderful opportunity!
If you can’t think of something you’d love to learn . . . ask professors/mentors in your department what other skills/classes/minors/majors would strengthen your career options. Consider Comp. Sci, business, writing, or language classes if any of those things appeal to you, as those sorts of skills are valuable in most fields. Get life guard certified so you can feel safe taking your future kids swimming in amazing isolated beaches in wilderness areas . . . likewise, consider CHS101 for EMT type training . . .
Or take some of the volunteer type courses where you get out and work in the community, making the world a better place, and helping some of the less advantaged kids in Tuscaloosa (and other places) get a hand up towards a better future for them and their families.