I find it silly how you are all jabbering about the subject bypassing the obvious. What is the schools policy on the laptops. For all we know it could say "Students are allowed to use any remote Live-Cds aslong as school's operating system remains intact at the time of return" That renders most if not all statements made here irrelevant and absurd.
I agree sure most IT departments are full of incompetent people. (mine were nice enough to let me use the internet) Nevertheless, I'm sure now with your personal laptop for the team you can use removable media to transfer text files. (You can do plain text files in word too you know) I hightly doubt school would go as far as not allowing remote media to copy text files.
My recommednation. Now that you have that laptop have your team install the software on their computer, put the code they make in removable media and display it on the laptop and analyze it together an compile it all that other junk.
I was the only person with a laptop in school last year and this is what we did. Sure its a hassle but beats not doing it at all.
