Hi Eric,
What questions do you have so far? You might find this thread helpful- it addresses the same topic:
http://smnetwork.org/forum/students-and-novice-stage-managers/college-questions/msg33901/#msg33901 . A lot of good questions are covered in that thread, so I won't just repeat them, but I would find out what connections your theatre department has to local professional theatres. Internships, local professionals teaching classes, and workshops are some of the ways a university can maintain a relationship with professional theatres.
I would ask about the different kinds of productions that you will be working on. Do SM students work on musicals? Operas? Dance? Weird performance art? Find out if there are student groups that produce- there may be opportunities outside of the mainstage shows. Are there certain requirements about how many productions you need to work on each semester/year? Do you get experience ASMing as well as SMing? Do you have to work in other production positions (costumes, lights, etc)?
I would also spend some time finding out about life at the university outside of the theatre department. Non-theatre classes, living accommodations, access to transportation, etc can all have a big effect on your overall college experience. If you have other interests for college besides theatre, be sure to ask about those opportunities too!
Are you looking to get a job while in college? If so I would ask about employment opportunities- you may be able to find a job that relates to stage management in some way, or that will provide valuable experience. (When I was a student, I assisted the production manager- most of my job responsibilities involved taking notes during production meetings and scheduling all of the rehearsal rooms. Really useful experience for me.) You could also get experience in a non-theatrical context that gives you valuable experience- don't feel like every single thing you do in college has to relate to stage management.
If you can, talk to current students about their experience. They may be able to give you a better perspective on the experience there, and may have some good advice about what they like/don't like about the program.