hey, just a question, if I run the adsense on a edu site that has over 30,000 students and guaranteed 500,000 views every month (student's home management as well as email etc), but most of them use school's ip, will I get monitored and possibly banned?
There is a chance you will get banned. I remember there was a case some time ago a student tried this and got banned. You should ask google this type of question as they will know what they would think about what you want to do.
I am not really sure about this but I have a friend who got banned before with the same case.. try emailing adsense support though.