I think one can approach this question from a few considerations.
- Would you choose Bing (regular admission) over the primary alternative? Let's use Psychology as an example major, and the primary alternative as Stony Brook.
Look at the school rankings in the major and in departments you are likely to take classes (I used US News, below for both schools).
For this example, on academic factors, it would be quite clear what the choice would be.
Assume this does not tell you to rule out Bing (e.g., school of business).
Few considerations:
A. Be sure the likelihood to make the grade to transfer is high, and you have a plan B if it does not.
B. Get comfortable with travel to class every day
C. You may have some difficulty finding students ahead of you (sophomores etc.) to get advice from on classes
D. The class of students at BCC will be “mixed” versus the Bing class or the primary alternative class
E. Do not underestimate the difference between a CC and a regular Bing class.
F. You will need to be on top of advising questions once you get to Bing, you would have gone a year without
G. IF the Bing Advantage offered are at the credentials cutoff published for Bing, the primary alternatives are likely to be several schools that might beat out regular admission Bing in a given major on academic grounds
H. Notice that the more highly ranked or competitive the Bing program (e.g., business), the larger the delta between Bing and BCC will likely be, and the weaker the Bing program (any program ranked outside say the top 100) the higher the likelihood that one of your alternatives is a better academic choice straight up.
I can see a couple of scenarios one might still take it up. For example, you live close, can stay at home, paying room and board is a significant strain on your available resources. You would still need a plan B in place!!
The other scenario I can see is where this represents clearly the best alternative you have. Either there is nothing close to academically equivalent to BAP, or the alternatives are much more expensive (OOS public, or private, finaid does not close the gap, $s are a major factor, as often they are).
I do not underestimate psychological factors, you may have had your heart set on Bing for various reasons. Time to broaden the criteria, examine the alternatives with a clear criteria (some may be your subjective ones, make sure the academic ones are properly represented).
Food for thought.