The Army ROTC scholarship is pretty strong in that it pays for all your tuition, fees, books, dorm, and give you $100/mo (may be more now, this was in the dark ages). That's a pretty good scholarship. The obligation is a year or two more than non-scholarship, but you wind up with more that any of that anyway if you do any kind of useful job. Hell, I had to give six back just to go to flight school.
I didn't go scholarship, as my grades sucked, and I was already enlisted and in a USAR unit, so I didn't want to change that. Unfortunately Navy and USMC PLC aren't offered in as many places as Army/Air Force ROTC is. More choices are always better, but Army isn't all bad[:)]
The Army gets about 75% of it's officer corps from ROTC, only about 20% from USMA, and the other 5% from OCS/direct commision. There's been alot of changes in the Officer Personel Managment System that really did away with alot of the USMA being favored. I was RA even though I was commisioned as a reservist to begin with, and in the end there wasn't any difference as to how anyone was treated for assignments, etc. No longer are the USMA officers exempt from RIF. They are all now one clump of folks.
That's not to knock USMA. I think it's one of the finest schools, and frankly they turn out higher quality officers because they start with a better selection to begin with. They also have great training and instruction, but in the real world, you see who is good and who isn't just like you'd hope. I have firends that went to USMA that I could easily see as Generals, and hopefully they will be, they were that good. I've also seen some that were clueless about the real world as well. ROTC grads were a wider variety, more number of scumbags, and more number of great ones. By the time the first duty station tour is up, most of the weeds have been pulled, or just left on their own. I could never tell the difference at the Captian and above level. In the real life Army, nobody gave a rats ass where you got your commision, only if you could do your job or not.
Get the most out of it that you can, but the best advice I can give you is to get the best possible grades you can. That will give you the best options upon commisioning and later in life. Like I said, my grades sucked because I was drunk through most of college, so I had to get what I wanted by excelling in other things, etc. It worked fine form me, but it's an ass-backwards way and not a recommended route for others. Get the best possible grades you can. They will be your's the rest of your life.
Ross