UT in Austin TIP Fellows Program?

<p>I’ll be graduating from high school this year and I’ve just been accepted to the UT Austin TIP Fellows Program. The program seems just right for me but I haven’t really gotten adequate information. I never applied for any honors programs and did not even know about this until I was invited to apply. Has anyone matriculated through the program? How are the opportunities to study abroad? Does it really provide any type of advantage? Are there any down sides to joining the program? Any substantial information would be greatly appreciated.</p>