This comes up every year
If you will wear it...get it. It's probably a little late now, but you could get a cheap ring to wear around for a couple of weeks just to see if it drives you bonkers.
Personally, I got great value out of mine. I wore my HS ring until the day I got my college ring and I continue to wear my college ring every day even 5 years later. I got it fit for my left hand and even had it resized for my right when I got married.
If you're never going to wear it, set the money you would have spent aside and treat yourself to a well-deserved $500 graduation gift that you WILL use!