If you're mechanically inclined, it's a great first car - if you're going to be depending on someone else to do the maintenance, it might not be such a good choice.
They are simple cars and quite reliable if properly maintained, they do lack the "comforts" of more modern vehicles such as a/c, and whilst I would not hesitate to buy one for my college girl, if she were going to college near home, she's chosen a college a long distance away, and since dad can't come running if the car doesn't start, I would be looking at something a little newer.