I really doubt that putting up some cameras will make the institution suffer monetarily in the long term, especially considering that newer generations are essentially brought up and normalized to full mass surveillance already.

Of course it won't. It never has. The people making these decisions and profiting from them will be long gone, even if it ends up hurting the university (which it won't)

I’m still waiting for my ancestor’s liege lord to realize that posting a guard outside our town’s tavern was going to backfire long term.

Security, but at what cost?!