I just finished up my first year at UCSB and my roommate was a Regent’s Scholar. She picked UCSB Regents over UCLA and hasn’t looked back. Getting priority registration at a UC is not something to take for granted, seeing as students at even the top-tier UCs like UCLA and Berkeley struggle to get required courses and have resorted to sitting on the floors of lecture halls. My roommate (and I, because I’m in the honors program), registered for classes before literally any person in the school, and I’ve gotten coveted spots in 20-person literature lectures and the classes of the most sought-after professors solely because of this privilege. There’s no question you can graduate on time with this benefit, and graduating in 3 years is also very viable. Other than that, I know she received first pick for Honors housing, a couple luncheons with the Chancellor and the other Regents scholars, and I’d imagine an advantage in conducting research as she enters her second and third years.