From a prima donna photo instructor. You really need to check with the insturctor,
can they handle 8x 10 negatives, i.e. equipment necessary for development.
there are options, but the bottom line may lie in the equipment and set up of the lab.
The instructor should be making recommendations as to the paper and chemicals, or does the University provide the chemicals.
A lot of unknown questions need to be answered before you invest a lot of money in color film.