I would introduce the Free Software which allows and encourages people to copy, use, and modify their software. Since the college is operating on a fixed budget this would be the most suitable software because often there are no charges. The Professor would have the freedom to modify it to suit his needs and all the 30 students would be able access the program and profit from it. In addition, with source code available, any of thousands of programmers can find and fix bugs quickly while users and programmers can adapt and improve programs as well. This Software is very flexible since existing programs can be used to generate improved ones. There no royalty paid to the initial system developer upon modification of the software.
However, there are legal consequences that the college will be exposed to. If the copyright holder suffered any economic harm, copying of the software would be presumed as commercial which goes against the fair use doctrine. Although technologists and supporters of file sharing argued that peer-to-peer file-transfer programs had potential for many productive, legal uses, the property owners could sue the college for encouraging copyright infringement.