Me too. I was there in '78 & '79 and, even though the school still seemed stuck in a 60's time warp, the education was rigorous and the quarter system was pretty unforgiving.
I do remember that every quarter a new set of BMW's, complete with surfboards on the roof, would come into Isla Vista and I'd wonder just how long this new group would last.
The last time I visited UCSB was in the late 80's and it seemed to have changed a great deal. Entrance requirements had been significantly increased and many of the students I spoke with said the school was much more conservative than in years past. Del Playa was still the place to go on Saturday night but much of the party school image had been lost. IIRC, the Bank of America had been turned into a bar?!!