I'd say the university isn't fulfilling its role, and you should definitely rally to change things. The purpose of the university network (besides supporting research communications) is to allow you to learn.
During my undergrad the university I attended provided full firewall-free internet with a *public* IP from their block for everyone who plugged in (and no-questions asked CNAMEs). The wireless was of course NAT'd but I had no problems.
This all worked because of the genius way they solved problems was genius. If IT detected any funny business, a tech would physically show up at your lab/office and ask you what was going on and make you fix the problem right then and there.