Honestly I'm all about investing, but $100,00 doesn't really go that far does it? With the million at least we could pay off all debts, buy a house, get car fixed, get things we need, give a bit away, etc.
Would you rather be given a grant (all your tuition and expenses paid) to go to school to get a higher degree (Master's, Phd, etc.)
or be given a grant to fund your own project or dream (building your own dream house, private music study, whatever) but you wouldn't have a degree at the end of it.