I can say this with confidence because my college experience was horrible due to a family matter that put in in a deep depression for 3 years.  When I finally came out of it, I had a great time!  Campus events were fun and usually free, I ventured out into the city all the time with friends, and got good grades.

The Good:

I got a job one month after graduation, at a top five in the nation hospital.  I feel well prepared from a character point of view for the real world and am grateful for my co-op experiences.  I have maintained my connections to my Career Advisor (They are fantastic, something to definitely take advantage of).  I was a tour guide and loved every minute of it.

The Bad:

I was not prepared intellectually for my job.  Luckily, I am a fast learner, but my friends and I agree that many of our professors didn't care to have us learn, only to keep their tenure.  Also, I am up to my ears in debt, even though I got a decent scholarship and grants.  Think about what happens after college-feeling like you are drowning in bills is not a feeling I wish on anyone.  Finally, I am sure you have heard of the “Northeastern Shuffle”.  This means that no one seems to know the answer to your question, and you get shuffled from department to department, getting no where.  BE PROACTIVE with the administration, that is the only way around the shuffle.

The Ugly:

The president's salary is currently 7 figures.  Think about that for a second....and tuition is now over 50K.  There's a bureaucracy going on here...