Maybe I've just been out of school for too long, but I can't think of anything particularly interesting a campus would want an IoT network for beyond maybe motion sensing for automatic light turn-offs and run-of-the-mill security systems.
I can't imagine a low-frequency IoT network being good for broadband access for people walking around (a la wifi) because of bandwidth limitations.
Proper cellular radio does measurement of signal to surrounding basestations, and seamless handoff. If would have some advantages over wifi in a corporate environment.
This does require more than just having multiple access points with the same SSID, and used to be limited to expensive commercial AP brands, but it's quite accessible to consumers these days.
wifi operates at 2.4Ghz most typically and also at 5Ghz (shorter range but faster)
5G will be ranges of frequencies, depending on jurisdictions, but typically between these two frequencies which are the sweet spot for domestic usage
in the US, 5G carries AFAIK have ranges between 2.5Ghz and just under 4Ghz
in the UK we have EE, O2 and Three operating ranges around 700Mhz besides also having ranges around 3.4Ghz and 3.6Ghz were Vodafone operates too, and those work a lot like US 5G
4G in the UK operates under 2.6Ghz, which is pretty close to wifi also, and LTE is just over 850Mhz or so
basically wifi, 4G and 5G are not strictly higher or lower frequency to each other, it depends on local operators