I think it's a great deal, and given that it's half the price of LACs you have to take that into account. I think the downside is probably the social aspect. While we only visited, so I don't know this first hand, I got the impression that a lot of people go home on weekends. The school is also very isolated, and while many LACs are in small rural locations, St Mary's is really rural. The last piece is the geographic diversity - true of any state school to a degree - but with the majority of students coming from MD you aren't getting quite the mix that you get at the private LACs, which tend to tout their geographic diversity. I really wanted my DC to like it, since it's so affordable, but no dice.