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First off, A full ride includes the cost of living.
If SMU is offering you 100% tuition, fees, & books - for 4 years? - that would be hard to pass up.
What is your scholarship for? What is your major?
SMU - not a bad school, a prestigious private university - you can meet some good contacts there.
Of course A&M's a better school... but that would be very hard to pass up.
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