I am a physics major just finishing a two year associate's degree. I have a 4.0 GPA and am transfering to an undergrad program in the fall, but not sure which one. I ultimately want to receive a PhD in physics and work in research. My question is this: Right now I have my choice of undergrad programs pretty much narrowed down between two local schools. One is a liberal arts school and the other is more known for there science and engineering. However, I was offered a full scholarship from the liberal art school and only some aid from the other. What I want to know is if I do accept the scholarship, how adversely will this affect my chances to get into a good grad program. This is assuming that all else is equal (I keep a very high GPA and participate in research internships). I have heard that where one attends grad school is more important than undergrad and I am trying to weigh the financial benefits with the educational benefits. Otherwise I am quite ignorant on the topic. I am sure many people reading this have already been through the whole grad school process and if anyone can offer there opinion I would certainly appreciate it.