Where is all the high college tuition going? My alma mater is losing money.

[Acer]

Speaking to that spiral effect, in today's environment, a prospective student has to wonder, will the budget-challenged college last all four years? And how will a college that folded look on the resume? After the first job or two, no one cares much about which college outside of ivy leagues, but in a competitive market the smallest things can put your resume in the circular file for that first good job.

So, tired dorms, tired academic buildings, tired cafeteria...they may seem superficial, but they can be perceived as signs of trouble by ambitious students.