If you are looking to use one account & manage the devices for the students you can contact the Prey team & discuss educational pricing. The pricing plans page (http://preyproject.com/plans) has a link to contact the team to enquire about educational/ non-profit pricing.
I wonder if the university could purchase some promo codes (at reduced educational rates) for the student to use for buying Pro accounts.
The contact link may illicit a quicker response from the Prey team compared to this mailing list.
Drew
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