I concur. I remember (and someone correct me if I am wrong) that the Army Corps of Engineers is hoping to have the New Orleans levies repaired to withstand category 3 hurricanes. But if another hurricane of category 4 or greater hits, which is a possibility given that hurricanes have been unusually prevalent and strong over the past few years, the school could be in for another severe pounding. This has got to be a concern for any student.
Short term effects on Tulane will probably by a drop in applicants, but I don't know what the effects will be long term.
I've seen that some scientists regard New Orleans as virtually indefensible against the sea over the next few decades. Maybe it is time for radical measures, like gradual withdrawal from the city and reconstruction in a geographically safer place. New New Orleans? It doesn't have quite the same ring to it though
likewise, it scares away tons of applicants. ls is a big investment/risk as it is, the last thing id want is to wonder whether my $100k+ is going to be devalued by factors out of my control.