USF Honors College?

I was accepted into USF via early action. I recently got an email saying that I also was accepted into the honors college. I read more about it and has you taking harder classes and completing more work overall. What are the benefits/drawbacks of being in such college? I got admitted to the nursing major, which is a lot of work on its own, so I definitely don’t want to be too overwhelmed or bogged down with extra work if there isn’t enough benefit? Thanks