Hmmmm.... I am getting even further convinced that any group that goes down this road will quickly discover the point of diminishing returns.
I'm thinking about 300 studnets and 30 engineers, spread across 10 different locations, working on the same project, trying to set interface standards for at least 10 different subsystems, establishing production procedures for at least 10 copies (20 if you want a spare robot, 30 if you want spare parts) of everything, setting up communications infrastructures, the required layer of management and bureaucracy to get everything coordinated, shipping and logistics for all the parts, quality control for the production runs, new facilities needed for parts production (you are no longer in "one-off" mode here), etc. etc etc.
Then there is the fact that you need to get 330 team members to agree to the design approach (that will take at least two weeks of negotiation - just try to get a group that size to agree on ANYTHING). At least 30 engineers need to converge on the design details (there goes another ten days). Develop the interface specifications (one week), and control theory. Assuming you actually want to practise with your completed robot for at least 48 hours, that least one week for actual construction of parts, shipping them around the country, assembling and integrating them, finding out the specs were wrong, and iterating through the whole thing at least one more time. They are going to spend most of their $300,00 budget just on paperwork, logistics, communications and shipping. The net investment in the actual robot should be about $1.97.
As I said before, if some group wants to go through all that, I say "BRING IT ON!!!
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-dave