You really get MORE than your money's worth.
Sure, Bill's isn't the Aria or the Bellagio, but you really have to weigh what you value more: saving money or sleeping in an extremely lavish hotel room? As a poor college student, I definitely always go with the former. AND as a college student who is trying to help you save money and possibly convince you to save your money by going to Bill's, I'm going to write a short list of positives and negatives (so that can spend your life having fun in Vegas instead of reading reviews on Yelp).
Positives
* Super cheap
* On the strip
* Centrally located
* You don't have to walk hours from when you get into the casino to the elevators to get your hotel rooms
* Drai's and steak and eggs is in Bill's
* This doesn't really matter, but there's a really nice stained glass functioning window in the shower (so that it doesn't get too musky or humid)
Negatives
* The beds are a little old
* Well, the hotel itself is a little old
* The view, by any means, is not impressive
* I got a bug bite on my neck, but I can't tell you if that is from the hotel or from being in Vegas
So, if you really just want to save money and use your hotel room merely as a place to sleep and shower, Bill's is the place to be. However, if you are looking for luxury and a spa-like getaway, Bill is not your man to spend Vegas with.