Haha I've paid for every penny of my photography equipment with my own money, sorry. The D800 I borrowed money for but I'll have paid it back as soon as I've sold my Canon gear.
The full frame 1DC on a 1.3x crop is less cropped than the super35 format of the C100/C300 cameras.
The C300 costs £10,000, two of them £20,000 versus £16,000 for two 1DCs - you could save even more going to say a 5D2 and 1DC setup.
If it's for a learning point I could perhaps see why a proper film camera would be helpful but I don't see the C300 as being worth it particularly without the lenses for it.
As it is, you have to correct for colour signatures of lenses, use lenses that weren't designed for the sensor size and deal with not having proper focusing methods for the sake of having two C300s over two 1DCs or heck even a set of 5Ds.
The 1DC is perhaps a specialist tool, but then maybe the 5D2 video was as well, but you need only look out how revolutionary it was and how many people use it to see that it's not actually /that/ specialised.
I certainly see that a C300 is perhaps a very useful tool for videographers, but at uni? I'd much sooner see HDSLR work as 5D2s are much cheaper and so students can use them outside of the classroom more readily rather than teaching students to use equipment that they'll be very unlikely to actually use outside the course.