My neighborhood just lost our local university and now we have a beautiful campus with no students to utilize it. For me personally as a parent, I recommended to my daughter to only apply to schools with strong alumni support, strong endowment and strong enrollment. I did not want my daughter to be stuck in a situation where she could not be at one school for 4 years due to that university or college being at risk. This did lead her to mostly apply to very selective schools but it was a good return on her investment and our investment as her parents too.