Yes, prestige was lost, that's not undeniable, but I have many friends who are admissions officers for various programs nationwide, and while I have not discussed this with all of them since it is obviously a new development, the number one factor in their decision at first glance is stats (gpa, standardized testing, etc), then LOR, then interview if they make it that far. The school's reputation isn't a factor if it's from a school known for giving top-knotch educaiton, which PSU is known for. We'll revisit this next year. I'll go ahead and look at the acceptance rates of PSU undergrads to medical, law, business, etc schools when it released next year(s) and we'll see if there's a significant drop off. Simple. If you are right, I'll admit to it, but right now, in my opinion and own evidence-gathering, that PSU's (lost of) prestige isn't going to factor in any meaningful way.