I lived in Tacoma with several UPS students for awhile so I have a decent amount of information. Tacoma has a terrible reputation as being unsafe, but the area directly around UPS (from 6th st and North) is beautiful, hip, scenic, and I never felt unsafe walking in that neighborhood. If you walk a few blocks in the "wrong" direction you will definitely see the difference and crime is still a real problem in Tacoma. It is a cool city with a lot of culture and cool eateries.
The UPS students are very open, intelligent, alternative, and loving. I don't know if they still do this, but they had these first year excursions where you could go canoeing and camping etc. as part of orientation. I went to a small liberal arts college elsewhere but in hindsight I could have chosen a place with a cooler city :). It is expensive, but I'm sure you know this and you mentioned the scholarships. You have a lot of driven students there who generally have great job placement rates and other achievements in community involvement/activism, academia, etc. Their art programs are great to experience and participate in- music, dance, etc.
I lived in a house that could almost be considered on campus and it was $399/mo for a room. Walking distance grocery stores, little cafes (the Rosewood), farmers markets GALORE!!, parks (take a nice stroll down to the water front or bike/drive up to point defiance...then pint defiance), pubs, etc.
I thoroughly enjoyed that specific area of Tacoma and I do miss it. I was impressed by the students I met and lived with and I see they are continuing to do great things in their lives.