You cannot afford to live with 100k debt. Partying? Forget it. You will be a slave to your job forever. Scratch Purdue. And no, you also can’t go to West Point and I am amazed you applied becasue the DEAL is that you must do military service after you graduate, unless something has changed. FWIW, a good friend graduated from WP and loved it. He’s a normal down to earth guy who is not in the military, so it can happen.
Did you not apply to anything in between? No affordable options? Obviously you are a good student. As you are clearly a strong student who needs financial aid, I am going to suggest this: reapply next year. Apply to colleges where your stats will get you merit aid, or automatic full tuition. Take a year off, work, have some fun, and then buckle down and go to an AFFORDABLE college. Do not go to community college. You will then be considered a transfer stduent and will miss chances to get substantial merit awards.
Bottom line, both of your options are impossible. You need to wait and start over next year, applying to colleges you will be able to afford. @simba9 this person loses any chance of merit aid if he goes to CC.