The iPhone Developer University Program is a free program designed for higher education institutions looking to introduce curriculum for developing iPhone or iPod touch applications. The University Program provides a wealth of development resources, sophisticated tools for testing and debugging, and the ability to share applications within the same development team. Institutions can also submit applications for distribution in the App Store.
Student Development Team
The iPhone Developer University Program allows instructors and professors to create a development team with up to 200 students.
Development Resources
With the suite of sophisticated and elegant tools included in the iPhone SDK, and a wide-range of resources in the iPhone Dev Center, students participating in the class will have everything they need to create innovative applications for iPhone and iPod touch.
Testing, Debugging, and Optimizing
Students can test, debug, and optimize their applications using Xcode’s graphical debugger, or collect real-time performance data in Instruments’ timeline view. These powerful optimization tools allow for quick identification of any performance issues.
Distributing Applications
The iPhone Developer University Program allows students within the same development team to share their applications with each other through email, or by posting them to a private website for presentation and grading purposes. In addition, higher education institutions can submit applications for distribution in the App Store.
Source: http://developer.apple.com/iphone/program/university.html