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Often there are no bandwidth restrictions on your university connection, so it might be worth downloading large files, such as on-demand content on campus rather than at home.
If your home connection has restrictions or bandwidth caps, especially in shared housing it will mount up very quickly, even if you only stream media off YouTube or other on-demand content sites.
Plus, university bandwidth is in the vast majority of cases, completely free to use and at no further expense to you.
But remember not to download torrents and to use HTTP downloads like Rapidshare and Mediafire, because torrents can be traced back to you - and your university could disable your IT account.
To read more on this, head over to the iGeneration blog.