You have several good financial options that folks mentioned above, but there is also a psychological/emotional component.

In college you will learn a lot of life applicable things, you will network with a lot of people who will be valuable to you down the line (this is where your major is important), you will learn how to communicate more effectively, you will learn how to learn better, and overall you will be a more educated well-rounded person from core classes like psychology, philosophy, and the like.

The hard part of househacking is always the psychology of it.I am extremely lucky to have been raised in a back-and-forth immigrant family that built (and lost) a small rental portfolio two generations back.

I find the best PM have the following characteristics; a heart to serve, analytical skills, elite organization, elite communication, understanding of psychology, process focus. 

It is basic psychology to purchase from someone you like and trust.  

If you told me you had 100K student loan debt after graduating in sociology/psychology with a job at starbucks or a low paying salary job, then yes, the student loan is bad debt.Lastly, take a few weekends to read: Richest Man in Babylon.  

I have a background in Psychology and Eduction, and I highly advise anyone becoming a landlord to study the characteristics of sociopaths.

This way if I deny a request there is no negative energy coming towards me (or you in this case), but rather it is directed towards a mysterious, fictitious character that doesn't even exist.Being a landlord involves a great deal of psychology as well.

At a certain age, there is a psychological bump you get from owning a valuable asset "free and clear." 

In summary, I would leverage the $1m liquid capital multiple times over, in psychological power, networking power and in total financial capacity manner.