For film students seeking quality yet affordable cameras, options like the Canon EOS Rebel T7i, Sony A6000, Panasonic Lumix FZ1000, and Blackmagic Pocket Cinema Camera 4K are often recommended. These models offer excellent features for filmmaking, such as 4K video recording, versatile shooting modes, and interchangeable lenses, while remaining budget-friendly for students.
If you have other recommendations let me know!! 
Question:
With the rise in quality of the cameras on mobile phones, is a high-end smartphone a viable option for film students?
Absolutely! High-end smartphones today boast remarkable camera quality and video capabilities, making them a practical tool for film students. For students on a budget or seeking versatility, a high-end smartphone can indeed serve as a valuable filmmaking tool. 
Here are two videos that explain how to film and edit with a phone:
