A couple of other things.
I will say my son came to the meeting with a list of questions. I was a silent participant.
A benefit of the Honors college is that you can pick your classes early. We are in-state and my kids participated in a program that gave them an associate’s degree upon HS graduation. All 50-60 credits transferred. Thus, he got to pick his classes VERY early despite not being in the honors college. So that can be a big benefit to some.
There is also no way to graduate earlier than 4 years. The program is designed that way. My son had enough credits to graduate in 3 years or less. Admissions almost dropped his Madison Scholarship because they thought he was done. But the IA program is very structured.
There is no way to do a semester abroad. You can do summer abroad. My son tried twice to do an internship in Spain, but both years were cancelled due to covid. Hopefully, nobody else will have this experience!