This is a personal decision. But know that if your student wins the Morehead-Cain, their opportunities will be equal to or greater than that of a regular excellent student at Yale. My D took another prestigious cohort scholarship over full pay at an Ivy and is very happy with her decision and would make the same one if she had to do it over again. Almost everyone in her cohort got accepted to top 10 schools. From a purely financial perspective, I don’t think any school is worth $200k more than a scholarship like the Morehead-Cain, so I disagree with those who say ignore the financial aspect. That said, if ROI isn’t a key determinant to you, let your student choose based on fit.