I would be careful with something like that, I probably wouldn't take a chance with my adsense on it because if you get banned it might be for life. Not worth the risk in my opinion.
Banned for life? As in my entire college will never be able to use AdSense till they get a new IP???!!!
I have asked Google a similar question once and Google told me that occasional clicking of your very own ads is acceptable (received in one email but it is not mentioned in their TOS) since Google understands that some AdSense publishers may accidentally clicked on their own ads. The magic word there is 'accidental' not 'intentional'. To be safe, don't even attempt to click or let others click on your very own ads!
even if you tell your friend in the city park to click your own ads and leave no trace of that request in internet, google will eventually find out and ban the account. other than IP, they also track geographical position. So if 50% of your clicks come from your own town, Google algorithm will raise a red flag
You think you're the only one on your whole college to use AdSense? Be safe and use affiliate programs.
the more I thought about this one the more I think it would be a really bad idea to put adsense on it, you are targeting the site to alot of people at your college on the same IP, it is almost a guarantee that you will get clicks on the same ip, asking for a banning for sure I think