The University of Louisville has a rather decent standing in the eyes of both the general populace and local businesses in the Louisville area, but getting through the 4 years for an Undergraduate Degree may prove to be a daunting task.
While I've not personally had a problem with 99% of the professors or the student body, the real problem with the University comes from those in charge of the Registrar's office. There have been three seperate times where I have had some fault of their on my academic account which has prevented me from either registering for classes or having the university drop the ones which were registered due to "Financial discrepencies" which were not there to begin with.
My advice - if anything happens to a student whilst attending, you should have the situation looked at immediately and resolved immediately. Without your constant hounding nothing will ever get taken care of. I have personally missed out on 3 semesters of work for the aforementioned reason, and would like that to not happen to anyone else.
I would absolutely recommend U of L to anyone considering it. It's come a long, long way since my freshman year there (1998-99). Positives for the school include location in a great town. Louisville is a really approachable city, and it's easy to become integrated in a great arts scene. My program at the university was chemistry. I wouldn't say that's the strongest discipline at the school, but it's well known for an excellent engineering program, great business school, and a wonderful music school. I think the thing that's the biggest detractor for a lot of people is the feeling that U of L is still a commuter campus, and that doesn't lend itself to a lot of student involvement. For anyone considering the school (especially as a traditional, undergraduate student), I think it's important to remember that your social experience at any school is what you'll make of it. I highly recommend living on campus - it's a lot easier to participate in campus activities if you're in the middle of them night and day. The university has come a long way in developing student leadership programs and other initiatives to keep people "connected", but it's still going to be a different feel than you'd find at a big state school (think 40,000 student Big Ten campus). I'm proud to be a Cardinal - I'd certainly choose the same path again.