students themselves wont be putting their own fiat into bitcoin. the reason: because they're students and cant afford it.
what will happen is you will see alot more apps on itunes and google play that are bitcoin enabled. you will see lots of shopping cart extensions, payroll software and other financial gadgets,widgets and apps. all bitcoin enabled for everyone to use.
well thats the short-medium term things to see.. as for the long term you will see the students graduate and start their own businesses, thus bringing a new-wave of bitcoin related businesses.
.............. or, they will just cash out bitcoin for fiat and buy pizza and beer
More use by more people is good and should bring a good result. Apple has prohibited Bitcoin apps in the past. They would certainly give BTC a boost if they change their mind. Some of those MIT students are smarter than to just cash it out for beer.