College honors programs?

[OpenRoot]

I was recently invited to participate in my university's honors program. Im pretty excited because it can lead to a few small scholarships, but weighing the pros/cons because no matter how you slice it there is extra work involved. One extra class and a few honors level classes of courses Id have to take anyway, plus a paper and a big project.

I plan to apply to grad schools after getting my BSW as well, so Im also wondering just how much the honors program would help with admission.

Does your school have an honors program? Did you participate? Did you benefit in any way other than personal enrichment?