As hard as it is to say no to CM, with instate tuition UCLA is amazing. I have heard great things about the program and they have produced some amazing talent. It is a BA, but conservatory style so you will get the same type of training you would receive at CM. That being said, CM on your acting resume makes casting directors pay attention. However, everything comes down to auditions, as you know.
What a choice to have! You must be incredibly talented so wherever you do end up, I don’t think you will have a problem finding work and being successful!!!