That's a real shame it didn't pan out for your campus programming, but it still is a great idea. I believe it can still be done but it would require a bit more paperwork, contacting, and all that jazz to get the permission to do it. And while it may be a bit to much for college students to pull off just yet I think you should stick with it. Continue with you research, maybe even send an inquisituve letter to an anime company. An AMV is a tribute to these series, and if anything it'd be advertising the company wouldn't have to pay for, if it's done right. Paying royalties and giving credit to the supplier of the series would be essential.
Look into it, I'll lend what support i can (i'm a bit of a lazy bastard, but hey) and any vids i make that you enjoy ( unfortunatly i have yet to find a place to host my only creation so far)
Good luck
