<p>summerstorm…The downside may turn out to be more of a timing/logistics issue than anything else. If you have a college choice designated with NMSC by March 1, you will be in the first group of names referred to that university for school sponsored NM awards (usually the $1K-$2K per year for 4 years). If the school is going to offer you that award, I believe they then forward that info to NMSC who will begin mailing out those offers on April 27. If you change your designation after having been offered a scholarship from one university (basically after April 27) you cannot be offered another one. Prior to April 27 you can change your designation without penalty, but some universities may have offered their “limit” of scholarships to students who designated them early, so you could hurt your chances in that regard. I’m not sure how long it takes or how smoothly the process works getting your designated university changed, so you could risk a snafu with getting the change processed if you wait too long.</p>