Indiana University @ Bloomington?

It's very solid so the decision will weigh on if you like the culture and funding. The campus is very laid back and beautiful - spread out, a great walking campus. The city itself is a true college town. There is a pretty solid earthy/natural movement there so if you are eco conscious/vegan/etc you will find a place to fit in. It is not the most ethnically diverse area but it is really one of the bright spots in Indiana - and it's not too far from Indianapolis.

Yes! It has a great reputation. Unless you were aiming for the Wharton School at Penn, you will be fine. Congratulations!