Dropping Honors College

As a sophomore considering dropping the Honors College, just wondering,

1. If I’m in a UH class and drop it and then leave the Honors College will it still be on my transcript as a W?

2. Is there any real benefit to being in the Honors program after college? This school’s seems like just a way to make smart people feel smart and I’m not really getting anything from the classes, and I’m just wondering if having Honors on my transcript will matter that much in the long run, especially since I plan to do grad school here.

3. If I’m on NM scholarship, will dropping Honors affect this at all?

Thanks, Fed up sophomore