That's great that you have that organized. It is important to keep college records organized. Transcripts, financial aid paperwork, tax information (in case of audit) and other important information (like a course waiver) must be maintained in a place you can access them. Sometimes this paperwork can be maintained electronically.
I would suggest keeping copies of official transcripts (in sealed envelopes) too for all previous college coursework. On three different occasions, I have needed them immediately for potential jobs. Sometimes it can take a while to request official copies. I keep copies of those in my firesafe of those.
Yes the "transcripts" folder has all my previous college transcripts, in my case from WPI and Harvard. In fact I just looked and my SATs are in there too. Hmmm maybe I should make a separate folder for those.
Interesting, I don't think any of my jobs - and I job-hopped quite a bit - ever required college transcripts. It's hard to remember now though, I've worked for myself for over 10 years so that was a while back. I do remember one made me take in essence an IQ test as part of the process. That was BlueCross BlueShield.